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GOVT SERVICES

This category contains 11 posts

U.S. Post Office To End Saturday Letter Delivery This Summer

via Ron Nixon, The New York Times Faced with billions of dollars in losses, the Postal Service announced on Wednesday that it would seek to stop Saturday delivery of letters, a sweeping change in mail delivery that immediately drew criticism from postal unions, some businesses and lawmakers. The post office said a five-day mail delivery … Continue reading

U.S. Postal Service Hopes Junk Mail Will Boost Revenue

via Ron Nixon, The New York Times Customers might complain about the flood of unsolicited credit card applications, supermarket fliers and shopping catalogs in their mail, but the Postal Service is hoping to deliver even more. Faced with multibillion-dollar losses and significant declines in first-class mail, the post office is cutting deals with businesses and … Continue reading

End-Of-Term Report: Obama’s Record Is Better Than The Woes Of America’s Economy Suggests

via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading

Report Finds Romney-Ryan Medicare Plan Would Cost 29-Year-Olds $331,200

via Bonnie Kavoussi, The Huffington Post If Mitt Romney and Paul Ryan have their way, then Americans of all ages may be spending more on health care during their retirement. If Romney becomes president and repeals the Affordable Care Act as promised, then retirement would cost $11,100 more for the average 65-year-old and $18,600 more … Continue reading

Sweden Asks If Two Months Is Enough For Paternity Leave

via Jens Hansegard, The Wall Street Journal Jim Butcher’s decision to join Sweden’s army of “latte dads” last year didn’t win him any popularity contests with family and friends back home in the U.K. “When I told my friends in England, they spat up their tea,” said the 35-year-old head of communications for digital-music company … Continue reading

What The Default Really Means For The U.S. Postal Service

via Devin Leonard, Businessweek The U.S. Postal Service essentially went broke yesterday. It skipped a $5.5 billion payment to the U.S. Treasury for future retiree health-care payments and said it would do the same early next month when another $5.6 billion is due. This comes as no surprise. The USPS has been losing $25 million … Continue reading

U.S. Postal Service Will Likely Default

via Sean Reilly, Federal Times, USA Today The cash-strapped U.S. Postal Service is within weeks of defaulting on a legally required $5.5 billion payment into a health benefits fund for future retirees. So far, it appears House leaders have no intention of preventing that from happening — they have postponed any action on relief measures … Continue reading

U.S. Supreme Court Upholds Health Care Law, Individual Mandate

[Editress’ Note: Read the Supreme Court’s full decision here.] via Robert Barnes and N.C. Aizenman, The Washington Post The Supreme Court on Thursday upheld the individual health-insurance mandate that is at the heart of President Obama’s landmark health-care law, saying the mandate is permissible under Congress’s taxing authority. The potentially game-changing decision — a major … Continue reading

In A Post-Postal World, Christmas Still Delivers

via Monica Hesse, The Washington Post The scent inside this squat federal building is not fir or cinnamon, but it does have its own particular holiday aroma: cardboard Priority Mail envelopes and packing tape. Christmas at the post office. Possibly the one time of year when everybody still makes a pilgrimage here. Over a lunch … Continue reading

Why Congress Can’t Save The Postal Service Right Now

via Jennifer Liberto, CNN There’s one thing that turns some Tea Party Republicans into government-job lovers like their Democratic rivals: Their neighborhood post office. In fact, the U.S. Postal Service’s reach into every state and congressional district is a big reason why Americans shouldn’t expect Congress to make the drastic changes that the postmaster general … Continue reading

Postal Service Is Nearing Default As Losses Mount

The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely … Continue reading

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