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Search Tags: USPS
The Postal Service is reeling from the decision by the Postal Rate Commission not to increase the price to mail a letter. USPS was hoping to use the rate hike to help close the $7 billion deficit it faces this year. The service continues to face reduced volume, more people using the Internet and legal barriers to changing key parts of its business mode.
The financially collapsing USPS must pay $5.5 billion each year to prefund its retiree health benefits. There is no penalty if USPS doesn't pay, Washington Post reports. But as the nation's second largest employer, if USPS can't make the $5.5 billion payment, who can?
A bill by Sen. Thomas Carper (D-Del.) aims to save the Postal Service from mounting debt with the POST Act.
Congress is back in town today after an extended summer break. What it'll find, in addition to a stack of unfinished business, is the career federal workforce which has been toiling away keeping things running.
A flexible, agile Postal Service will be needed to adapt to changing mailing preferences and to increase the opportunity to consolidate redundant retail facilities. Details from USPS's Mike Magalski, Director of Network Optimization.
Learn more about a possible debt reduction option
Some call it the Ft. Knox for stamps. The Stamp Fulfillment Center is located in a cave in Missouri and houses millions of dollars in stamps. Manager Khalid Hussain explains why he thinks he's got one pretty cool federal job in this installment of our Cool Jobs in Government series.
Despite cutting 100,000 jobs over the past two years, CFO Joe Corbett tells Federal News Radio the USPS may not be able to stay liquid much past the next year.
Learn more about the Postal Service's efforts to curb costs
Worksharing has grown so much and so fast at the Postal Service, it has created unintended consequences. We get details from Mohammad Adra is with the Office of Inspector General at the Postal Service.