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USPS hits borrowing limit for first time

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.

Tags: budget , Jack Moore , David Partenheimer , Congress , Darrell Issa

Thursday - 10/18/2012, 08:09pm EDT

USPS pension surplus due to wrong salary assumptions, IG finds

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.

Tags: pay and benefits , retirement , David Partenheimer , Jon Foley , OPM , FERS , Jolie Lee

Wednesday - 10/17/2012, 02:37pm EDT

$hrinking buyouts: An offer you can't refuse?

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.

Tags: Mike Causey , Federal Report , pay and benefits , retirement , buyouts , workforce ,

Thursday - 10/04/2012, 02:00am EDT

Phased retirement, postal buyouts, VA problems

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

Wednesday - 10/03/2012, 07:19pm EDT
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USPS defaults a second time as legislation stalls

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.

Tags: Congress , budget , postal default , Darrell Issa , Tom Carper , House Oversight and Government Reform Committee

Thursday - 09/27/2012, 04:33pm EDT

USPS agrees to buyout plan with postal workers union

The service will offer $15,000 incentive that would be paid out over two installments to retirement-eligible employees.

Tags: workforce , APWU , retirement , early out , buyouts , Jason Miller

Monday - 10/01/2012, 07:50pm EDT

Thursday morning federal headlines - Sept. 27, 2012

The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Emily Kopp discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air. Today's news includes a memo telling Defense workers they can read, but they can't discuss or share the contents of a new tell-all about the mission that killed Osama bin Laden and the ACLU is suing the federal government to find out why it collects vehicle license plate numbers.

Tags: Federal Drive , newscast , headlines , GSA , Osama bin Laden , Myanmar , Washington monument , FOIA , cybersecurity , workforce issues ,

Thursday - 09/27/2012, 09:55am EDT

Sequestration and health care

Host Mike Causey will discuss the potential impact of sequestration with Janet Kopenhaver from Federally Employed Women, and Stephen Losey and Sean Reilly from the Federal Times.
September 26, 2012

Tags: pay and benefits , sequestration , Janet Kopenhaver , Federally Employed Women , Stephen Losey , Sean Reilly , Federal Times , health care premiums , Mike Causey , Your Turn

Wednesday - 09/26/2012, 09:24pm EDT
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Retirement, sequestration, and more

NARFE Director of Benefit Services David Snell and Steve Watkins and Sean Reilly of the Federal Times will talk about issues that could affect your retirement.
September 19, 2012

Tags: pay and benefits , retirement , sequestration , Obama Impact , Emily Kopp , David Snell , NARFE , Federal Times , Steve Watkins , Sean Reilly , Mike Causey , Your Turn

Wednesday - 09/19/2012, 06:47pm EDT
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Congress faces continuing resolution, sequestration and postal reform

Lawmakers returned to Washington, D.C., this week with a packed agenda. Topping the list of priorities is hammering out final details of a stopgap spending measure to keep the government running beyond the end of the fiscal year -- Sept. 30. Amid the election-year politicking, the list of unfinished business also includes legislation to restructure the financially ailing U.S. Postal Service and a cybersecurity bill that aims to safeguard the nation's critical infrastructure. Perhaps looming largest of all is what Congress plans to do about automatic, across-the-board cuts, known as sequestration, set to take effect Jan. 2. Failure to avert the cuts could send the country over a "fiscal cliff," budget experts warn.

Tags: Congress , House , Senate , budget , sequestration , John Boehner , Harry Reid , CR , postal reform , cybersecurity , Susan Collins , Jolie Lee , Amanda Iacone , Jack Moore

Monday - 09/10/2012, 06:47pm EDT
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