BREAKING: The House passes a major financial overhaul of the USPS, relieving it of $57 billion in liabilities, plus another $50 billion cost savings over the next decade. pic.twitter.com/83P7lKWNX1
— Jacob Bogage (@jacobbogage) February 8, 2022
The House approved a bipartisan bill that would lift onerous budget requirements that have helped push the U.S. Postal Service deeply into debt. The election-year bill comes at a time of widespread complaints about slower mail service. https://t.co/K24TZepURG
— The Associated Press (@AP) February 8, 2022
Congress would lift onerous budget requirements that have helped push the Postal Service deeply into debt and would require it to continue delivering mail six days per week under bipartisan legislation the House approved Tuesday.
The election-year bill, coming at a time of widespread complaints about slower mail service, would also require the Postal Service to display online how efficiently it delivers mail to communities…
Those pressures have brought the two parties together for a measure aimed at helping the Postal Service, its employees, businesses that use it and disgruntled voters who rely on it for delivery of prescription drugs, checks and other packages. Tuesday’s vote was 342-92, a rare show of partisan agreement, with all Democrats and most Republicans backing it…
Sen. Gary Peters, D-Mich., chairman of the Senate Homeland Security and Governmental Affairs Committee, said he expects his chamber to “move quickly” on the measure. Senate Majority Leader Chuck Schumer, D-N.Y., said he’s planning a vote before a recess that starts after next week. The bill has 14 GOP sponsors and, with strong Democratic support expected, seems on track to gain the 60 votes most bills need for Senate passage …
The bill would end a requirement that the Postal Service finance, in advance, health care benefits for current and retired workers for the next 75 years. That obligation, which private companies and federal agencies do not face, was imposed in 2006. That ended up being the year that the Postal Service’s mail volume peaked and its financial fortunes steadily worsened.
The Postal Service hasn’t made those payments since 2012. Overall it faces unpaid obligations of $63 billion, according to its most recent annual report. The bill forgives much of that debt…
Criticism of the Postal Service peaked in 2020, when President Donald Trump appointed DeJoy as postmaster general and Democrats accused him of slowing service to undermine the election. DeJoy, a major GOP donor, has proposed a 10-year plan to stabilize the service’s finances with steps like additional mail slowdowns, cutting some offices’ hours and perhaps higher rates.
The Postal Service had a successful 2021 holiday season, delivering 97% of shipments on time during two weeks in December, according to ShipMatrix, which analyzes shipping package data. In 2020 more than a third of first-class mail was late by Christmas Day…
worth noting here that most of the financial problems of the usps are inflicted by congress, and not the result of incompetence relative to private companies or whatever https://t.co/Sc2p5swjhf
— Gerry Doyle (@mgerrydoyle) February 9, 2022
Lots of folks asking, “Why does Louis DeJoy still have a job?”
Shaded red dot is John Barger, Republican DeJoy supporter. Biden replacement nominee is pending.
Blue dot not under Biden is Lee Moak, Democrat who backs DeJoy.
USPS Govs lack the votes to fire DeJoy. pic.twitter.com/XA3luMvsRK
— Jacob Bogage (@jacobbogage) February 3, 2022