Postal Service
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The Postal Service has hired Evercore Partners, a New York-based investment bank, to evaluate proposed changes to its operations, compensation and benefits. Evercore has advised General Motors and other large, troubled companies. USPS said it needs to cut annual expenses by $20 billion by 2015.
November 22, 2011 -
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.
November 22, 2011 -
Postmaster General Patrick Donahoe brought the latest news of the Postal Service\'s future at a National Press Club luncheon on Monday.
November 21, 2011 -
Protesters marched outside the National Press Club Monday before luncheon featuring Postmaster General Patrick Donahoe. They shouted, \"Hey ho! Donahoe has got to go!\" and carried signs that said, \"Save America\'s Postal Service.\"
November 21, 2011 -
A white paper by the Postal Service Inspector General\'s office presents a case for offering an email service called the eMailbox. Bruce Marsh, the manager of the the IG office\'s General Risk Analysis Center, said the proposal was driven by the potential needs of both federal agencies and consumers.
November 21, 2011 -
Contracts with the National Association of Letter Carriers, AFL-CIO and the National Postal Mail Handlers Union, AFL-CIO with the Postal Service expired at midnight Nov. 20. The new negotiation deadline is Dec. 7.
November 21, 2011 -
The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.
November 18, 2011 -
Facing declining revenue from mail delivery, Postal Service seeks way out of fiscal crisis, including legislation that would ban requirements that bar layoffs in union contracts.
November 17, 2011 -
The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.
November 16, 2011 -
The U.S. Postal Service says it lost $5.1 billion last year as a weak economy and increased Internet use drove down mail volume.
November 15, 2011 -
The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.
November 15, 2011 -
The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.
November 10, 2011 -
The White House wants to carve out the prescription drug piece and give OPM the ability to negotiate prices through a third party. But experts say this change would cost employees more money and be the first step toward dismantling the entire Federal Employee Health Benefit program.
November 10, 2011 -
A plan to cut the Postal Service\'s costs so it can stay in business has passed the Senate Homeland Security and Governmental Relations Committee. Majority Leader Harry Reid has promised a vote on the Senate floor as soon as possible, according to committee leaders.
November 09, 2011 -
Senators announced a bipartisan plan Wednesday to help keep the financially ailing Postal Service solvent while offering incentives to trim its workforce.
November 02, 2011