None of the legislation moving through Congress would provide the Postal Service the speed and flexibility it needs to cut annual costs by $20 billion, Postmaster General Pat Donahoe said Monday. He said they would give USPS ”a couple of years of profitability and at least many decades of steep losses.” He argued for quicker resolution to the agency’s cash crisis.
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Janet Kopenhaver from Federally Employed Woman and Federal Times Senior Writer Sean Reilly, join host Mike Causey to talk about what would happen if the federal government were to shut down. January 16, 2013
Postmaster General Patrick Donahoe said the service can no longer afford to delivery first class mail six-days a week. He said cutting back by one day a week would save about $2 billion a year. USPS still would have a $14 billion deficit and needs help from Congress to address other fiscal challenges.
The Postal Service’s latest financial results are no better than any of their recent numbers. But they might not be as bad as they look. Different interpretations of those numbers cause some leaders to think the Postal Service has a faster route back to profitability than Congress does. Fredric Rolando, president of the National Association of Letter Carriers, told In Depth with Francis Rose nobody argues about the numbers themselves. It’s more about how you read them.
Sen. Tom Carper (D-Del.) has introduced legislation to help the Postal Service recover from its financial woes, revitalize employee morale and restore the public’s faith in the agency.
The Postal Service continues to press for substantial legislation changes to remain a competitor in the mail and package delivery field. It recorded its ninth consecutive year of billion dollar losses.
Democrats and Republicans both agree the Postal Service needs congressional help to better its budget, but getting there is a tougher problem.
The U.S. Postal Service fared better this financial quarter than it did last year, but the Postmaster General says Congress has been slow to remove a weight around the agency’s neck.
The U.S. Postal Service says it has “broad bipartisan support” from Congress to ease some its financial burdens. But until that time comes, USPS doesn’t have much room to improve the situation it’s in.