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Search Tags: USPS
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.
Trish Gilbert, executive vice president of the
National Air Traffic Controllers Association,
joins host Mike Causey on today's show. Mike
will also talk about the upcoming elections with
writers from the Federal Times.
October 31, 2012
Postal Service employees will attempt to deliver mail the day after superstorm Sandy hit the D.C. region.
John Montague talks about life insurance and Sean Reilly discuses the U.S. Postal Service's finances and more this week on Your Turn.
The U.S. Postal Service hit its $15 billion borrowing limit for the first time late last month, the agency confirmed. The Wall Street Journal first reported earlier this week that the USPS reached the limit on the amount of money it can borrow from the Treasury Department and is now dependent solely on its own revenue to sustain operations.
Currently, more than 70 percent of postal craft employees have already reached the top of their pay scale, according to the USPS Office of the Inspector General.
Do you have something that is shrinking with age? If you are with the Postal Service, its the size of your buyouts, Senior Correspondent Mike Causey says. They are getting smaller all the time. Is this a trend feds in other agencies need to watch? Is it the precursor of an offer you can't refuse.
Federal News Radio Executive Editor Jason Miller
and Federal Times Senior Writers Stephen Losey and
Sean Reilly join host Mike Causey to talk about
phased retirements, sequestration and more.
October 3, 2012
Tags: pay and benefits , leave bank , Retirements , phased retirements , feds-feed-feds program , Stephen Losey , Sean Reilly , Federal Times , Department of Veterans Affairs , sequestration , Your Turn , Mike Causey
For the second time in as many months, the cash- strapped U.S. Postal Service says it will default on a required payment to fund future postal retirees' health benefits. The announcement comes after the agency similarly missed a $5.5 billion payment last month, and as longterm legislative solutions languish in Congress.
The service will offer $15,000 incentive that would be paid out over two installments to retirement-eligible employees.