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Federal Drive Show Blog - April 22, 2013
On the Federal Drive show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.
Tags: Federal Drive , Kathleen Sebelius , Cameron Leuthy , Belva Martin , Marcia Smith , Tom Temin , Emily Kopp
Postal Service reform finds new life on Capitol Hill
Real reform for the U.S. Postal Service may be gaining some steam in Congress. Rep. Blake Farenthold (R-Texas), the new chairman of the House subcommittee that oversees the Postal Service, tells Federal News Radio, House leadership sees room for compromise with Democrats when it comes to figuring out ways to get USPS back in the black. Farenthold supports the Postal Service's plan to eliminate Saturday mail delivery.
Tags: Congress , House , USPS , postal reform , Blake Farenthold , Dennis Ross , Gerry Connolly , Claire McCaskill , Stephen Lynch , Sean McCalley , Jason Miller
USPS employees to see less overtime, more buyouts under 5-day delivery plan
Postmaster General Patrick Donahoe said the service can no longer afford to delivery first class mail six-days a week. He said cutting back by one day a week would save about $2 billion a year. USPS still would have a $14 billion deficit and needs help from Congress to address other fiscal challenges.
Tags: management , budget , Postal Service , Gerry Connolly , Sam Graves , Tom Coburn , Darrell Issa , National Association of Letter Carriers , Fredric Rolando , Blake Farenthold , Jeanette Dwyer , workforce , Jason Miller
Postal Service pension surplus shrinks as Donahoe renews call for legislation
Surplus payments the Postal Service made to the Federal Employee Retirement System are much smaller than once thought. Last year, the surplus was estimated to be $11.4 billion. But because of a reduction in projected long-term interest rates, OPM estimated the surplus would drop to $2.6 billion. SPS had wanted to use those overpayments to pay down some of its debts
Tags: USPS , budget , Congress , Joe Corbett , Jack Moore , postal reform
Postmaster General urges quick action in lame duck session
Postmaster General Patrick Donahoe says his number one priority is seeing legislation passed in the upcoming lame-duck session of Congress that will help the U.S. Postal Service get out of debt. In an exclusive interview with Federal News Radio, Donahoe details the latest on the agency's financial situation, buyouts, the consolidation of mail processing centers, and its plan to cut window hours at half of its post offices across the country.
Tags: USPS , budget , retirement , POSTPlan , Metro Post , Congress , buyouts , postal reform , mail processing centers , exclusive , Julia Ziegler
'Crisis of confidence' as USPS posts $5.2 billion quarterly loss
The Postal Service lost $5.2 billion in the third quarter of this year, bringing its year-to-date tally of red ink to $11.6 billion for the first nine months of 2012. The USPS chief financial officer said the organization's liquid assets are running perilously low. Postmaster General Patrick Donahoe faults an "inflexible" business model and urged action by Congress.
Tags: USPS , Pensions , retirement , pay and benefits , Steven Masse , Thurgood Marshall, Jr. , Jared Serbu
USPS: We will default on $5.5B payment due this week
The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency's solvency as first-class letters plummet and Congress deadlocks on ways to stem the red ink. With cash running perilously low, two legally required payments for future postal retirees' health benefits - $5.5 billion due Wednesday, and another $5.6 billion due in September - will be left unpaid, the mail agency said Monday.
Tags: budget , USPS , Congress , House , Senate , Esther Carey , Ruben Gomez
USPS moves ahead with closings, staff reductions
The nearly bankrupt U.S. Postal Service is moving ahead with plans to close and consolidate 229 mail-processing facilities. Postmaster General Patrick Donahoe (pictured) said the postal service can no longer wait for Congress to decide how to cut postal costs, and the processing network had simply become too big and too costly. The consolidations are expected to reduce the USPS workforce size by 28,000 employees.
Tags: USPS , budget , Ruben Gomez , NPMHU , APWU
USPS to offer buyouts to 21,000 postmasters
As part of a cost-savings plan designed to halt the closings of rural postal facilities, the U.S. Postal Service said it would offer $20,000 buyout incentive payments to 21,000 full-time postmasters.
Tags: USPS , buyouts , retirement , pay and benefits , workforce , Congress , House , Senate , Darrell Issa ,
Post office reports record loss of $15.9B for year
Tags: budget , USPS , Congress , postal reform , Thurgood Marshall Jr. , Coalition for a 21st Century Postal Service
