Swine Flu

Along with his paycheck.

Despite the sequester, the Secret Service isn’t going to skimp when it comes to protecting President Barack Obama, Homeland Security Secretary Janet Napolitano said Monday.

Speaking at a Playbook breakfast at the Newseum, Napolitano said the teams of Secret Service agents assigned to protect Obama and Vice President Joe Biden will be sheltered from the broad spending cuts required as part of the budget reduction that that kicked in on Friday.

“Obviously, one of the major responsibilities, if not the major responsibility, of the Service is the protection of the president and the vice president. So, the protective side, we’re going to protect that, of course,” Napolitano told POLITICO’s Mike Allen.

“What it really means is on the investigative side where we handle all kinds of financial, identity theft, cyber crime, counterfeiting cases that originate not just here but around the world, the Secret Service is the lead on many of those, those activities are being cut back,” Napolitano said.

An Office of Management and Budget report issued last week said the Secret Service’s operations budget will be cut 5 percent or $84 million on a budget of about $1.6 billion.