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Topic - Mail
Hiking magazine rates would hasten the Postal Service's demise
Hurricane Sandy, the massive super-storm that pounded the East Coast in 2012 and caused billions of dollars worth of damage, also managed to destroy or damage 110 delivery vehicles used by the U.S. Postal Service.
The federal government is going after Lance Armstrong's money. As much as it can get.
U.S. Postmaster General Patrick Donahoe's historic decision to end Saturday mail delivery drew mixed reaction on Capitol Hill — and outright anger from the letter carriers union, which called for his resignation.
Your editorial "Delivering debt" (Jan. 3), about the long-term funding of health benefits of postal retirees, suggests that the Postal Service sought to "hide this mound of debt" and seeks to "push off" this problem to another day. The opposite is true.
The Postal Service is coming to grips with its diminished relevance in a digital society. The question is whether Congress will follow suit.
The most partisan, least productive Congress in memory has skipped out of Washington so lawmakers can make their case for voters to re-elect them.
The nearly bankrupt U.S. Postal Service on Thursday reported losses of $57 million per day in the last quarter and warned it will miss another payment due to the U.S. Treasury, just one week after its first-ever default on a payment for future retiree health benefits.
With financial losses mounting, the nearly bankrupt U.S. Postal Service is urging the House to quickly pass legislation that would give it wide authority to close thousands of low-revenue post offices, reduce labor costs and end Saturday delivery.
More than a quarter-million U.S. Postal Service workers are eligible for retirement, and a restructuring plan proposed Thursday relies heavily on getting many of them to quit.
The husband and wife postal workers at a North Carolina mail-sorting plant were out of work and collecting disability benefits when they first came under surveillance.
The U.S. Postal Service on Tuesday reported a $5.1 billion annual loss, but the figure would have been more than twice as high if Congress had not postponed a $5.5 billion bill to fund retiree health benefits.
The average American home received a personal letter through the mail just once every seven weeks last year. With business dwindling, the U.S. Postal Service lost $8.5 billion in 2010, and losses for fiscal 2011 are expected to be about $9 billion. The USPS doesn't have the $5.5 billion needed for its retiree health care fund payment due this month and is so close to its debt limit that it won't be able to pay its bills later this fiscal year.
Mom might get a quick note in the mail. Sister might get a birthday card. But that's about it. For the typical American household these days, nearly two months will pass before a personal letter shows up.
Facing an increasingly bleak bottom line, the Postal Service is considering closing more than 10 percent of its retail outlets.