Audit Report – HR-AR-14-002 – 06/13/2014 BACKGROUND: Recycling is the process of changing used materials into new products to reduce waste. Each year the U.S. Postal Service generates recyclable material, and although there are costs to recycle, it also generates revenue. In 2012, Postal Service recycling efforts generated $49.5 million, with only about one-third of…
Earn more or spend less. Those are the two basic ways to achieve financial fitness, whether you’re talking about the household budget or a multi-billion-dollar corporate balance sheet. And that’s what it comes down to for the U.S. Postal Service as it seeks to bring revenue in line with expenses (it lost $5 billion in…
“The loss of jobs resulting from eliminating Saturday mail delivery would not be limited to the private sector, as approximately 80,000 full-time and part-time middle-class postal workers, including rural letter carriers, would find themselves out of work.” — Rep. Gerry Connolly (D-Va.), letter to other lawmakers, June 3, 2014 “It’s a job-killer. Ending Saturday delivery…
Commentary By Rafe Morrissey June 16, 2014, 5 a.m. There is a shell game currently underway on Capitol Hill. The House Republican Leadership are trying to use the elimination of essential postal services as a means to pay for temporarily extending the exhausted Highway Trust Fund. Unfortunately for taxpayers and postal customers, the game is…
