Senator Barbara Boxer (D-CA) issued the statement below in response to a memo sent by House Republican leadership to House Republican caucus members late Friday outlining a plan to use revenue from eliminating Saturday mail service as the primary method of funding the Highway Trust Fund for a period of months. Senator Boxer said: “Late […]
The Postal Service boosted operating income (before Retiree Health Benefits and non-cash Workers’ Compensation expense) by $1.2 billion during the first half of the fiscal year, but it wasn’t enough to offset ongoing losses, CFO Joe Corbett says in the latest Dollars and ¢hange video. Operating income measures an organization’s profit after expenses and depreciation […]
Examining Innovative Postal Products for the 21st Century | Federal Workforce, US Postal Service and Census The CEO of the now defunct company Outbox provided testimony to the House Committee on Oversight and Government Reform. In CEO (and a former staffer of Congressman Randy Neugebauer-R-TX-19) Will Davis’ written testimony he wrote:
May 21, 2014 – The House Oversight and Government Reform Committee members passed the latest postal bill offered by Chairman Darrell Issa (R-CA), which would end “door delivery” for 15 million postal customers. The vote, which passed along party lines 18-13, occurred less than 48 hours after it was introduced. “There is no justification for the dramatic cuts in […]
Today, the House Oversight and Government Reform Committee adopted bills to enhance postal delivery, improve the Government’s use of design-build contracts, and promote federal information transparency. H.R. 4670, Secure Delivery for America Act of 2014, was reported favorably to the House as amended on a vote of 18-13. Introduced by Chairman Darrell Issa, R-Calif., the […]
Default on federal payments looming U.S. Postal Service Loss Widens in Second Quarter WASHINGTON — The U.S. Postal Service ended the second quarter of this fiscal year (Jan. 1 – March 31, 2011) with a net loss of $2.2 billion, compared to a net loss of $1.6 billion for the same period in FY 2010. […]
Rep. Dennis Ross, (R-Fla.), on what steps need to be taken to tackle the U.S. Postal Service’s growing debt crisis. One of Ross’ comments deals with the exaggerated claim that postal workers pay as little as $32 per month for health care benefits compared to other Federal Workers paying $125. Rep. Ross was on Fox News […]
Rep. Dennis Ross, (R-Fla.), on what steps need to be taken to tackle the U.S. Postal Service’s growing debt crisis. One of Ross’ comments deals with the exaggerated claim that postal workers pay as little as $32 per month for health care benefits compared to other Federal Workers paying $125. Rep. Ross was on Fox News […]
The US Postal Service released its fourth month preliminary financial report of the 2011 fiscal year (unaudited) . USPS reported a net operating loss of $451 million for the month of January 2011. This same period last year saw a $592 million net loss. In October USPS saw a net profit of $283 Million, November […]
Postal Service Begins 2011 with $329 Million Loss in First Quarter. Recession eases, but First-Class Mail volume continues to decline The U.S. Postal Service (USPS) ended the first quarter of this fiscal year (Oct. 1 – Dec. 31, 2010) with a net loss of $329 million, compared to a net loss of $297 million for […]