USPS posted a net loss of nearly $2.3 billion for this fiscal year’s third quarter, higher than the loss reported by the agency for the same period last year.
In today’s Federal Newscast, 123 C-130 planes are being temporarily removed from service after atypical cracks were discovered.
Two experts tapped to join the Postal Regulatory Commission are warning of potential disaster for the Postal Service if Congress doesn’t take action now.
With USPS on course to run out of cash by 2024, stakeholders say the status quo won’t be enough. But despite the urgency, Congress appears no closer to a compromise on postal reform.
In today’s Federal Newscast, the Labor Department will pilot a faster approach to discretionary suspension and debarment with its Inspector General and its Office of the Assistant Secretary for Administration and Management.
In today’s Federal Newscast, more time has been given for companies to come up with new ideas for the security clearance process.
In today’s Federal Newscast, Senate Democrats have brought forth a companion to a new bill from House Democratic leaders, which calls for giving civilian federal employees a 2.6 percent pay raise.
In today’s Federal Newscast, the Postal Service lost money for the 12th straight year, although a rate increase on stamps could help.
The U.S. Postal Service reported the latest in a series of financial setbacks on Thursday, but the agency may see some big changes coming this fall.
USPS improved its numbers across the board in 2016, reaching record growth in certain categories, but still lost money due to retiree health benefits prefunding requirements and April’s exigent rollback, which cost USPS about $1 billion this year.