KKTV - Economy - Headlines

Senate Seeks Ways To Save Ailing US Postal Service

By: AP
Posted: Tue 10:29 AM, Apr 17, 2012

WASHINGTON (AP) -- With big postal cuts looming, the Senate is deciding whether to stabilize the ailing U.S. Postal Service with a short-term cash infusion while delaying most decisions on closing post offices and ending Saturday mail delivery.

The mail agency, teetering on the brink of bankruptcy, says it needs to begin closing thousands of low-revenue post offices and mail processing centers this year.

A Senate bill being debated this week would slow, if not stop, many of the closings. It forces the agency to consider the needs of rural communities and undergo additional review.

The Postal Service would get a cash infusion of $11 billion -- basically a refund of overpayments it made to a federal retirement fund. The agency could use the money to pay down debt and offer employee buyouts.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus

Live Traffic Conditions


Follow Me on Pinterest

KKTV Latest Blogs

Resolution FAQ - (Stacia Naquin)

Updated: 05/14/2013 - I'm still focused on meeting my goal of doing a pull-up. And I'm almost there! But I'm always getting this question:

FIT LIFE: You're Never Too Old - (Stacia Naquin)

Updated: 04/09/2013 - Admittedly, there are days that I just don’t feel like working out. But then I met Viola. And if she can make working out a priority at 99, then none of us have any excuses! Here's how she's living a FIT LIFE:

More KKTV Latest Blogs

KKTV 3100 North Nevada Colorado Springs, CO 80907 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 147768215