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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

Thursday - 11/01/2012, 03:38am EDT
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'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

Friday - 08/10/2012, 05:36am EDT
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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

Monday - 07/30/2012, 05:48pm EDT
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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

Thursday - 05/17/2012, 02:11pm EDT
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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 ,

Wednesday - 05/09/2012, 08:44pm EDT

Senators ask USPS to delay post office closings

The four sponsors of postal reform legislation in the Senate are asking the Postal Service to delay closing post offices and mail processing facilities until the new law is in place.

Tags: Joe Lieberman , Susan Collins , Scott Brown , Tom Carper , Darrell Issa , USPS , House , Senate , Congress , budget

Wednesday - 05/02/2012, 11:01am EDT

USPS plan to set up own health plan faces lawmakers' skepticism

Postmaster General Patrick Donahoe testified today before a House subcommittee saying a USPS-sponsored plan would save $7 billion a year. Such a plan, Donahoe said, would offer equal or better coverage to current employees and retirees.

Tags: USPS , pay and benefits , House Committee on Oversight and Government Reform , Congress , Stephen Lynch , Darryl Issa , Walton Francis , retirement , FEHBP

Tuesday - 03/27/2012, 12:57pm EDT

USPS supporter in Senate criticizes postmaster general

Sen. Susan Collins (R-Maine), a staunch USPS supporter, takes Postmaster General Patrick Donahoe to task for pursuing a plan to close thousands of postal facilities in order to save $7.1 billion annually.

Tags: USPS , postal service , Susan Collins , Senate , Congress , Jason Miller , Joe Lieberman , Tom Carper

Tuesday - 03/20/2012, 07:27am EDT
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Postal Service plan proposes own health plan, workforce cuts

The Postal Service's strategic five-year plan proposes cutting the workforce by 155,000 by 2016 and creating its own health benefit program for employees and retirees to return to financial stability.

Tags: Joe Corbett , pay and benefits , USPS , FEHBP ,

Friday - 02/17/2012, 10:27am EST
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