While the ink on the deal hasn’t dried yet, more than 200,000 postal employees could see a series of pay raises down the road, now that one of the major postal unions has reached a provisional labor agreement with the U.S. Postal Service.
Despite double-digit growth in its package delivery during last year’s holiday season, the U.S. Postal Service posted a $200 million net loss for the first quarter of fiscal 2017.
A long-awaited bill to reform the U.S. Postal Service’s troubled finances could have the momentum it needs to make it to President Donald Trump’s desk after four major postal unions voiced their support for the legislation at a House Oversight and Government Reform Committee hearing on Tuesday.
After years of pressuring from the Postal Service and a series of stalled bipartisan bills, the House Oversight and Government Reform Committee has made postal reform a top priority for this Congress.
The U.S. Postal Service, having faced years of financial hardship, posted a $5.6 billion net loss for fiscal 2016, despite an increase in revenue this year.
The Postal Service reported a net loss of $586 million for the quarter that ended on June 30, an improvement over a $2 billion loss recorded during the same period last year
Confronted with a cyber breach and planned closures of mail processing centers in January 2015, the American Postal Workers Union and others are rallying against the USPS.
Postmaster General Pat Donahoe told the House Oversight and Government Reform Committee Wednesday that the Postal Service is operating under a “broken business model.” But cost-saving efforts, such as ending Saturday delivery and modifying a multibillion dollar requirement to prefund future retirees health care costs, garnered little agreement among lawmakers.
How does a recent contract arbitration between the U.S. Postal Service and the National Association of Letter Carriers take a page from King Solomon? Read Senior Correspondent Mike Causey column for more.
Host Mike Causey is joined by Walton Francis, author of ”The Checkbook Guide to Health Plans,” to talk about what’s the best health plan for you and your family. November 16, 2011