House Oversight Committee Hearing: The Financial Condition of the Postal Service

Posted on May 1, 2019May 1, 2019 by 21cpw

PURPOSE The Committee will hold a hearing to review the current financial condition of the Postal Service, as well as the urgent need for reform legislation. BACKGROUND The Postal Service’s financial condition has been deteriorating over the past decade for three primary reasons: (1) a decline in first-class mail; (2) expenses increasing at a faster…

House Committee Hearing: Reforming the Postal Service – Finding a Viable Solution (video/testimony)

Posted on May 12, 2016May 12, 2016 by 21cpw

Hearing Date: May 11, 2016 TAKEAWAYS: Substantive and comprehensive legislative reform is urgently needed due to the deteriorating financial condition at USPS. Chairman Chaffetz announced plans to release a postal reform discussion draft in coming weeks. Lack of meaningful cost-cutting initiatives, aging delivery vehicles, and declining infrastructure contribute to the agency moving increasingly further away…