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4:26 pm, August 21, 2014

USPS News

Postal Service seeks outside opinion on restructuring

The Postal Service has hired Evercore Partners, a New York-based investment bank, to evaluate proposed changes to its operations, compensation and benefits. Evercore has advised General Motors and other large, troubled companies. USPS said it needs to cut annual expenses by $20 billion by 2015.

Tuesday - 11/22/2011, 07:47pm EST

Donahoe says bills 'do not come close' to saving the USPS

None of the legislation moving through Congress would provide the Postal Service the speed and flexibility it needs to cut annual costs by $20 billion, Postmaster General Pat Donahoe said Monday. He said they would give USPS "a couple of years of profitability and at least many decades of steep losses." He argued for quicker resolution to the agency's cash crisis.

Tuesday - 11/22/2011, 05:05am EST
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Tweets from Donahoe's address at National Press Club

Postmaster General Patrick Donahoe brought the latest news of the Postal Service's future at a National Press Club luncheon on Monday.

Monday - 11/21/2011, 03:37pm EST

VIDEO: Protesters interrupt Postmaster General Donahoe's speech

Protesters marched outside the National Press Club Monday before luncheon featuring Postmaster General Patrick Donahoe. They shouted, "Hey ho! Donahoe has got to go!" and carried signs that said, "Save America's Postal Service."

Monday - 11/21/2011, 02:58pm EST

Postal Service mulls digital mailbox service

A white paper by the Postal Service Inspector General's office presents a case for offering an email service called the eMailbox. Bruce Marsh, the manager of the the IG office's General Risk Analysis Center, said the proposal was driven by the potential needs of both federal agencies and consumers.

Monday - 11/21/2011, 12:40pm EST
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Postal Service, unions extend negotiation deadline

Contracts with the National Association of Letter Carriers, AFL-CIO and the National Postal Mail Handlers Union, AFL-CIO with the Postal Service expired at midnight Nov. 20. The new negotiation deadline is Dec. 7.

Monday - 11/21/2011, 09:11am EST

Would barring ban on layoffs save Postal Service?

Facing declining revenue from mail delivery, Postal Service seeks way out of fiscal crisis, including legislation that would ban requirements that bar layoffs in union contracts.

Thursday - 11/17/2011, 11:27am EST
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Postal Service losses mount to $5.1 billion last year

The U.S. Postal Service says it lost $5.1 billion last year as a weak economy and increased Internet use drove down mail volume.

Tuesday - 11/15/2011, 04:40pm EST

Experts say administration proposal puts FEHB on the ropes

The White House wants to carve out the prescription drug piece and give OPM the ability to negotiate prices through a third party. But experts say this change would cost employees more money and be the first step toward dismantling the entire Federal Employee Health Benefit program.

Thursday - 11/10/2011, 05:20am EST
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Senate committee approves bipartisan Postal Service reform bill

A plan to cut the Postal Service's costs so it can stay in business has passed the Senate Homeland Security and Governmental Relations Committee. Majority Leader Harry Reid has promised a vote on the Senate floor as soon as possible, according to committee leaders.

Wednesday - 11/09/2011, 07:22pm EST
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Senators' USPS plan cuts staff, refunds FERS overpayments

Senators announced a bipartisan plan Wednesday to help keep the financially ailing Postal Service solvent while offering incentives to trim its workforce.

Wednesday - 11/02/2011, 05:56pm EDT
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Senators offer plan to keep Postal Service solvent

Senators announced a bipartisan plan Wednesday to help keep the financially ailing Postal Service solvent and continue six-day mail delivery for at least two more years.

Wednesday - 11/02/2011, 02:15pm EDT

Supercommittee recs, Postal Service's future

Host Mike Causey will discuss the big issues facing feds with Federal News Radio's Francis Rose, Federal Times editor Steve Watkins and senior reporter Sean Reilly.
October 19, 2011

Wednesday - 10/19/2011, 09:19pm EDT
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GAO: Postal Service did not overpay CSRS account

The Postal Service has not paid too much for retirement benefits for employees under the Civil Service Retirement System. A report by the Government Accountability Office throws a wrench in the Postal Service's plan to return to profitability by accessing more than $50 billion now held for retirement benefits.

Thursday - 10/13/2011, 01:51pm EDT
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USPS proposal would oust FEHBP for single health plan

Host Mike Causey is joined on today's show by Susan R. Johnson, president of the American Foreign Service Association, and Federal Times senior staff writers, Stephen Losey and Sean Reilly.
October 5, 2011

Wednesday - 10/05/2011, 09:26pm EDT
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Foreign Service braces for budget cuts, the likelihood of USPS health plan proposal

Mike welcomes Susan Johnson of the American Foreign Service Association and Steve Losey and Sean Reilly of the Federal Times.
October 5, 2011

Wednesday - 10/05/2011, 04:27pm EDT
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USPS faces competing interests in path to reform

Rep. Darrell Issa (R-Calif.) said he wants to give the struggling Postal Service more flexibility to act like a private business, including the ability to force retirement-eligible employees to step down. Meanwhile, the Postal Regulatory Commission worries the Postal Service is losing sight of its public mission.

Wednesday - 10/05/2011, 06:27am EDT
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Feds have sacrificed enough, federal groups tell supercommittee

Postal workers and federal employees groups are urging the "supercommittee" to reject President Barack Obama's proposed increase in employee retirement contributions and support his cap on contractors' salaries. The Federal-Postal Coalition also wants lawmakers to preserve Saturday mail delivery, despite USPS' wishes.

Wednesday - 09/28/2011, 06:02pm EDT

Congress to extend deadline for Postal Service debt

The Postal Service would get seven more weeks to pay a $5.5 billion debt to the Treasury under the continuing resolution passed Monday by the Senate. A House version includes the same provision. The bill is due on Friday.

Tuesday - 09/27/2011, 07:25pm EDT

Storage Efficiency

"Data volumes are exploding. Budgets are shrinking. Join this discussion and learn how federal agencies are storing more, yet spending less on storage. If you need to cut your IT budget, doesn't it make sense to start with one of your biggest line items? Tune in as our panelists present real examples that show how agencies are containing large volumes while capturing savings—with storage that's faster, easier to manage, and more secure. Find out the keys to storage efficiency: buying less hardware, eliminating redundant data, streamlining backup/recovery, avoiding network or bandwidth upgrades, and reducing everyday operating costs."

Tuesday - 09/27/2011, 12:30pm EDT
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