(September 9, 2014) WASHINGTON – First class mail processed and delivered by the US Postal Service in the last 10 years is down more than 50 percent, because more and more people are paying their bills and corresponding by e-mail. Conversely, package shipments by the post office are up by double-digits. Those figures come from…
$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…
The deposed House Majority leader hoped to rescue highway funding with savings from moving to five-day delivery. A funny thing happened to House Majority Leader Eric Cantor on his way to pushing an aggressive June legislative agenda that included a modified postal delivery schedule. He lost his Virginia House seat in yesterday’s GOP primary election…
NEW YORK (TheStreet) — For Washington lawmakers already at loggerheads over the country’s fiscal mess, the United States Postal Service has not delivered god news. The USPS has become the latest in line asking for a bailout. Again. Last week, the USPS announced a $1.9 billion loss in the second quarter. Worse, USPS has $64…
The author of the House postal reform bill seeks a compromise by adding Obama Administration proposals, but fears interest groups are sabotaging the effort. Rep. Darrell Issa (R-CA) postponed a meeting of his Committee on Oversight and Government Reform yesterday because he failed to hear from Democratic members on their willingness to fashion a compromise…
