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Latest Mail Items
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.
The first American in space, Mercury astronaut Alan Shepard, was honored with his own stamp Wednesday on the eve of the 50th anniversary of his flight.
In The Washington Times on March 28, Ryan Cole characterized the Postal Service's $75 billion retiree benefits overpayment as "USPS taxpayer-subsidized CPR" while invoking the name of Lysander Spooner, a 19th-century postal entrepreneur. Moving forward from 19th-century postal history through the 20th century and into the early 21st century, today's Postal Service is subject to annual and pre-funding benefit payments of $11 billion a year.
A Tuesday Commentary item titled "Postal Service delivers bill of goods to taxpayers" referred to the Postal Rate Commission. The independent agency that exercises regulatory oversight of the United States Postal Service is the Postal Regulatory Commission.