BARACK Obama and wife Michelle have signed a megabucks £48million ($60m) deal to reveal all about their time in the White House.

The vast sum is SIX TIMES more than George W. Bush was handed when he stepped down in 2009.

The two volumes aims at uncovering their time in the White House, reports  REUTERS

The announcement was made on the same evening Donald Trump was making his first address to Congress

And the timing of the announcement rained on Donald Trump’s parade as he addressed Congress for the first time. News of the Obamas’ deal trended higher than Trump’s Presidential Address on Twitter for large periods of the evening. The deal covers two books – one written by the former President and one by Michelle.

A date for the book’s launch has yet to be announced by publisher Penguin. But they are likely to become best-sellers when they finally hit the shelves.

Obama is already a noted writer having penned best-selling memoir Dream from My Father, charting his heritage, youth and journey into politics. He later wrote political tome The Audacity of Hope.