Tuesday, July 23

Congress gets seriously save USPS

Congress gets seriously save USPS
| By Devin Leonard, Bloomberg BusinessWeek

Rep Darrell Issa has already spread a proposal for a law, indicating his willingness to lock a bipartisan solution.

Now, most people on the edge of which is bankruptcy the U.S. know postal service.

But in recent years, Congress has sometimes acted as if it make indifferent to the Agency and the possibility was that it could require a taxpayer bailout.

Republicans and Democrats in the House seem now awakened to the crisis have.

On Wednesday, members of both parties expressed hope that she would shortly adopt hearing to fix the post at a House Committee on oversight and democratic Government.

"The need for a Bill is urgent," said Rep Darrell Issa, R California, the Committee Chairman. "We want to do in the next few weeks."

Issa has already distributed a draft law, which indicated his willingness, a bipartisan solution screw.

One of the primary threats to the postal service survival is a requirement that each year allocates $5.5 billion for future retiree health-care payment option costs.

In the face of the rapid decline of first-class mail use, the USPS can no longer afford to do so.

Issa's proposal would the post for calculating these costs on the basis of estimates of what actually guilty, rather than a fixed annual payment allow.

This could be the Agency's annual expenditures for both current and future retirees reduce health benefits of $8.5 billion, somewhere between $2 billion and $5 billion. That will win us Democrats.

Meanwhile, the Democrats have introduced a postal reform bill their own Republican-friendly elements. On Wednesday, Issa embraced a proposal to limit the rural post office closures.

He announced at the hearing that he is on his efforts to abolish post no layoff policy has been dispensed, the naturally very unpopular with postal workers' unions.

If this surprised some Democrats, Issa followed the ending of the agencies no dismissal; He has just changed his tactics.

The two sides have substantial differences, when it comes, goes to the rescue of the postal service. Issa is set to mail delivery, which supports the public ends Saturday.

On the whole, are Democrats on the preservation of the six day service. But if Democrats and Republicans can keep their newfound zeal for postal reform, prevent she could even a bailout to USPS.

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