This is an increase from $341 million a year in 2005 under George W. Bush. The EOP includes the President's chief of staff, policy evaluators, press secretary, speechwriters, and other "communications" aides, travel planners, itinerary schedulers, multiple levels of support staff reporting to the President. The core White House Staff appointments do not require Senate approval, For more information, see Wikipedia.
Here's how the U.S. stacks up against some other countries, in terms of the number of average citizen monthly incomes required to support their leaders (prime ministers or presidents) operating on a daily basis, administration costs only:
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