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Postal Service

This tag is associated with 6 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

Congress Does Bare Minimum To Avoid Shutdown, Ends Session To Hit Campaign Trail

via AP, Los Angeles Times The Senate closed the Capitol on Saturday after sending President Obama a spending bill that will make sure the government won’t shut down Oct. 1, the start of the new budget year. The measure passed early Saturday by a 62-30 vote — and then lawmakers skipped out of town to … 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

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

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