ABC News In Financial Crisis, Post Office Turns to CongressABC NewsAnd with no congressional action, a year from now, next August or September, the post office could run out of money to pay salaries and contractors, hampering its ability to operate, Donahoe said. "We do not want taxpayer money," Donahoe said, …The Daily Dig: A…
Over the weekend news came out that the U.S. Postal Service is in trouble. It needs to lay off 220,000 workers by 2015 but are prohibited from doing so by union contracts. It is required to pay billions into a retirement fund and does not have the cash to do so. In addition, the USPS…
Mike Violette of WGAN discusses the U.S. Postal Service, which may go into default as early as this winter unless Congress intervenes. More: continued here
Regulars at the post office in Palm Beach Gardens are considering what life would be like without mail as the U.S. Postal Service faces a possible default. More: continued here
BC-US–Postal Problems, 1st Ld-Writethru,458ABC6OnYourSide.comIn financial crisis, Post office turns to Congress Eds: Updates with hearing details. By RANDOLPH E. SCHMID Associated Press Without legislation by Sept. 30, the agency "will default on a quickly. The US Postal Service is not an 18th century relic, …and more » More: continued here
It’s been a decade of decline for the U.S. post office and Tuesday, lawmakers are holding a hearing on the agency’s growing deficit. More: continued here
The Gazette: Eastern Iowa Breaking News and Headlines (blog) Branstad: No conflict in post office ownershipQuad City TimesTerry Branstad says his ownership of about a dozen buildings that house rural post offices in Iowa poses no conflict of interest with his criticism of the US Postal Service's decision to close many rural post offices. Branstad…
Daily Mail US official questions Postal Service savings planmsnbc.comThe US Post Office at Bristow, Va.,m is shown. USPS bid to improve its dire financial situation by gaining broad authority over its retirement and health programs needs more study, an official says. WASHINGTON — The US Postal Service's bid to improve …Postal Service Loss Estimate Widens…
Among the thousands of post offices under review for closure is a cramped branch in downtown Elmira, N.Y. , bustling on a rainy summer afternoon. It was, until recently, a place retiree Charlotte Dumas took for granted. She visits the downtown branch about three times a week. “I would hate to see it close,” she…
Daily Mail In financial crisis, Post office turns to CongressCBS NewsAnd with no congressional action, a year from now, next August or September, the post office could run out of money to pay salaries and contractors, hampering its ability to operate, Donahoe said. "We do not want taxpayer money," Donahoe said, …Postal Service Loss Estimate…