Monday, April 16, 2012

Credit Talk USA Live - Congress ready to tackle postal reform

Congress is expected to finally start debating ways to save the struggling U.S. Postal Service.
As early as this week, the Senate could take up a bipartisan bill that offers buyouts to senior employees, cuts worker compensation benefits and makes it possible to end Saturday service in two years. The House could start work on a different postal bill in coming. Congressional action would throw a lifeline to the deeply indebted Postal Service, which wants to cut Saturday service, delay delivery of some mail, and close hundreds of postal processing plants and post offices, triggering tens of thousands of job cuts nationwide.
Congress has until May 15, when a moratorium on closing postal facilities expires. If Congress does nothing, Postmaster General Patrick Donahoe has made it clear he intends to start closing and consolidating 223 postal plants.  What are your thoughts what if they were no more Saturday mail?

http://money.cnn.com/2012/04/16/news/economy/postal_service_congress/index.htm?iid=HP_LN

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