CBO Projects USPS Will Continue Defaulting on Retiree Health Fund Payments

By Ian Smith – February 4, 2020 The Congressional Budget Office predicts that the Postal Service will continue defaulting on mandatory payments to the Postal Service Retiree Health Benefits Fund for the next decade. CBO said in a recent report that it expects the Postal Service to continue defaulting on the payments for the next…

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CBO Cost Estimate of H.R. 5714 – Postal Service Reform Act of 2016

As ordered reported by the House Committee on Oversight and Government Reform on July 12, 2016: H.R. 5714 would change the laws that govern the operation of the Postal Service (USPS), restructure how the federal government pays for health benefits for federal employees and annuitants, and alter how the federal government calculates the contributions that…

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The true cost for restoring service standards and why the Postal Service can afford it

A couple of weeks ago, the Congressional Budget Office (CBO) announced that it would cost the Postal Service $1 billion to comply with an amendment requiring the Postal Service to revert to the service standards for First Class mail and periodicals that were in effect on July 1, 2012. The amendment was proposed by Representative…

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$1 billion to restore USPS service standards? Did the CBO get it wrong?

July 20, 2015 Last week the Congressional Budget Office (CBO) provided an estimate for how much it would cost the Postal Service to return to the service standards that were in effect on July 1, 2012. Going back to these standards for delivery times is one of the provisions in a proposed amendment attached to…

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CBO: Additional Info about Estimated Costs of Fattah Amendment to FY 2016 Appropriations Bill

Summary For fiscal year 2016 the amendment would require the United States Postal Service (USPS) to comply with the service standards for first class mail and periodicals that were effective on July 1, 2012. CBO estimated that enacting the Fattah amendment would increase off-budget spending by $300 million in fiscal year 2016. In July of…

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Post Office Reform Is Real – And It’s From Darrell Issa

Darrell Issa has been waging an under-the-radar campaign to save the Postal Service for years now. The most recent iteration of his plan, the Postal Reform Act, would save $17 billion over the next ten years for the USPS. The major changes would be giving the USPS the ability to eliminate Saturday delivery and encouraging…

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House Republicans Split, Saving Saturday Mail Delivery

Leading congressional Republicans strongly support U.S. Postmaster General Patrick Donahoe’s plan to save $2 billion a year by eliminating Saturday letter delivery. Yet on Wednesday, party members defied their leadership and joined Democrats to pass an amendment to the House appropriations bill that would keep letters, bills, and junk mail flowing six days a week….

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CBO: Postal Reform Would Save USPS $23.6 Billion

$19 billion of those savings would result from moves to five-day delivery and cluster boxes, says the Congressional Budget Office. The Congressional Budget Office (CBO) has released a financial analysis of the House Postal Reform Act (H.R. 2748) that estimates that, if passed, it would return $23.6 billion in savings to the troubled U.S. Postal…

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