Paymaster says job costs him money

WASHINGTON, Sept. 10 (UPI) -- Kenneth Feinberg says he didn't keep a dime of his salary as special paymaster for President Obama's administration. He said the job actually cost him money.

Feinberg, who is overseeing claims stemming from the BP oil spill in the Gulf of Mexico, was offered a salary of $120,830 administering compensation and pay packages at firms receiving bailout money, The Hill reported Thursday.

Feinberg's salary was revealed Thursday by Judicial Watch, a conservative legal organization requesting the information under the federal Freedom of Information Act.

"I got a check every two weeks that I endorsed and turned back to U.S. Treasury every two weeks," Feinberg said in a statement. "And I have to pay taxes on the money I didn't keep -- so it actually cost me money to be the special master."