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- AFCEA Answers
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- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
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Search Tags: USPS
Although the word "default" might elicit a sense of urgency in most people, it doesn't appear to be inspiring lawmakers to take action on the proposed Postal Service bill. USPS is expected to default on $5.5 billion in pension costs that it owes to the Treasury.
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.
AFGE's Public Policy Director Jacque Simon and
Stephen Losey and Sean Reilly of the Federal Times
will talk about the big issues affecting federal
July 25, 2012
Tags: pay and benefits , sequestration , budget battle , Jacque Simon , AFGE , Federal Times , Stephen Losey , Sean Reilly , GAO , federal pay , GSA , DoD , IT infrastructure , Mike Causey , Your Turn
The U.S. Postal Service may be overlooking a potential source of revenue, according to a report from its inspector general. Offering nonpostal services presents several challenges, but it may also be a viable option for the struggling institution, the report concluded.
Federal Times Senior Staff Writer Stephen Losey
will give us an update on a new retirement
law...and other legislation affecting federal
July 11, 2012
Employees in the Pentagon will be able to access their postal mail via a web-based interface and decide how to handle each envelope.
Lawmakers have about 23 real work days left before the end of the fiscal year to pass USPS reform, comprehensive cyber, DoD authorization and all the 2013 spending bills. Experts hold out little hope even after the passage of the FDA bill and the expected approval of the highway legislation.
Tags: Congress , cybersecurity , postal reform bill , DoD , DoD authorization bill , appropriations bill , Tevi Troy , Hudson Institute , Trey Hodgkins , TechAmerica , James Lewis , CSIS , Jason Miller
The Postal Service should once again offer government-backed savings and accept deposits like it did in 1911, an expert said. Those services have proved to be effective money- makers in foreign postal systems, generating up to 50 percent of their revenue.
Joseph Corbett, the Postal Service's chief financial officer, is filling in for Chief Information Officer Ellis Burgoyne, who is on extended sick leave.
A new inspector general audit revealed that the Postal Service has overfunded its pension benefit obligations by nearly 105 percent. While this might seem to be good news for the cash- strapped agency, legislative action will be required for USPS to get back the $13.1 billion surplus it paid into its employees' pensions.