The day after getting the green light to significantly raise postal rates in 2019, the Postal Service marked its 12th straight fiscal year of net financial losses.
Rep. Jason Chaffetz (R-Utah), says a bill is being drafted to address Postal Service reforms. The reforms include addressing the mandate to pre-fund health retiree benefits, as well as merging the USPS Board of Governors and the Postal Regulatory Commission.
LETTER TO THE EDITOR: Fredric Rolando, president of the National Association of Letter Carriers, reacted to a Federal News Radio story about the financial status of the Postal Service.
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.