Changes to U.S. Postal Service would end Saturday delivery
Congress has moved one step closer to overhauling the cash-strapped U.S. Postal Service by approving sweeping reforms to rebalance the mail agency’s finances and help cut the size of its delivery network.
(WASHINGTON POST) WASHINGTON - The bipartisan measure passed 62 to 37 and would give the Postal Service nearly $11 billion to offer buyouts and early retirement incentives to hundreds of thousands of postal workers and to pay off its debts.
Revised estimates on how much USPS owes to federal worker pension accounts have determined that the agency has overpaid its obligations to the fund over several years.