Senate Seeks Ways To Save Ailing US Postal Service

By: AP
By: AP

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.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Westside Gal on Apr 18, 2012 at 08:49 AM
    Just wondering, am I the only one who has seen and heard the really recent (just yesterday, in fact)advertizements from the Postal Union. They are saying that the Post Office has functioned all these years without the help of taxpayers money except for the cost of postage. Perhaps the Postal Union should help bail out the Post Office and not look to us taxpayers for the money they need.
  • by Burbank on Apr 17, 2012 at 03:21 PM
    It is already a quasi-private entity that performs for the government a service they wisely chose to eject. As for that whole pension fund nightmare, don't forget to blame only the elephant in yout rant. Remember folks, the wise and caring unions have our best interests in mind. Now I have to go scrub my hands for typing that.
    Ledhed - 'begone'? LOLOL
    • reply
      by LedHed on Apr 18, 2012 at 06:21 AM in reply to Burbank
      All in good fun!
  • by @ @ on Apr 17, 2012 at 01:45 PM
    Right on :)
  • by @ledhed on Apr 17, 2012 at 01:33 PM
    Noticed for about a year now the time and frequency of your posts. Since you obviously have somewhat of an education based on your lexicon of insults. Why not step out of your parent's basement for some sunshine or maybe to become a productive member of society?
    • reply
      by LedHed on Apr 17, 2012 at 01:46 PM in reply to @ledhed
      Sorry, I wasn't even aware of this forum until Feb, so your sense of time-keeping obviously reflects the uninformed nature of your post. My productivity? I generate more revenue for my employer than you could ever surpass, unless burger-flipping is a prerequisite, then I'm sure you'd have me beat. Back to your double-wide fool, begone!
  • by jake on Apr 17, 2012 at 01:25 PM
    Just remove the "us" from USPS name and cancel congressional power over it and it would be an independent entity quick and painless. Then can sell all the stamps they want to stay in business
  • by hmm on Apr 17, 2012 at 01:01 PM
    Good thing in twenty years the majority of America will be brown and female
    • reply
      by LedHed on Apr 17, 2012 at 01:07 PM in reply to hmm
      Opinion not fact, and has nothing to do with the topic. Done watching Springer and decided to enjoy some computer time?
  • by K on Apr 17, 2012 at 12:22 PM
    I agree totally with LedHed. I spent 3 and a half hours at the DMV the other day watching how the government runs. Sure was interesting to see how they got through eighty people in 30 minutes once 5:00 hit. This, our postal system, and our our road and bridge crews, these all need to go to private enterprise. The waste is unbelievable. and as for you, Huh, now I know where you got your name...
  • by ??? on Apr 17, 2012 at 11:41 AM
    I've heard from several people over the last couple years who talked about constantly working overtime at the postal service. Paying union workers overtime can't possibly be a cost saving measure. Here are a couple ideas... stop paying overtime, stop the Saturday delivery. Who cares if we get mail on Saturday. I don't miss it on Sunday. Of course the union will want to make sure the workers don't take home a penny less so use those man hours from canceling Saturday to fill the previsouly mentioned overtime gap. Sounds like cost saving.
  • by huh on Apr 17, 2012 at 10:48 AM
    If this was a private entity back in 2006 or when ever it would have NEVER agreed to be forced by big government Republicans to demand Seventy-Five Years worth of retirement funds be taken right off the top and demand it be completed in TEN years. No other company in history has EVER been placed with such an untenable demand. Leave it to big government Republican an their policing of my uterus and now the P.O. Stamps are their only source of income and seems more like a private corporation since no federal funds are used. Maybe they should separate from government control to remain solvent. How sickening. REALLY RIDICULOUS.
    • reply
      by LedHed on Apr 17, 2012 at 12:35 PM in reply to huh
      Wow, playing the "women's rights" card here underscores that your post is merely a political rant (and a disjointed one at that), not an actual, pertinent dissemination of the matter at hand. Inappropriate, transparent, and SHOCKINGLY RIDICULOUS!!!
  • by LedHed Location: Colorado Springs on Apr 17, 2012 at 10:02 AM
    So, let's keep throwing money at this govt. entity until it operates "in the black" again. If this was a prvate enterprise, it would be allowed to go under and the free-market would fill the void, unless it's GM, of course. Ridiculous!
    • reply
      by Disgusted. on Apr 17, 2012 at 12:57 PM in reply to LedHed
      And you'd be the first one to gripe and moan about it costing $5 to mail a letter via UPS if it did go under. So, shut up.
      • reply
        by LedHed on Apr 17, 2012 at 01:03 PM in reply to Disgusted.
        $5.00 a letter? Lame hyperbole to make a "point", instead of facing the fact that private entities that would bid for the contract/s could provide this service for a fraction of the current cost. Provide evidence to substantiate your claim or dummy up, loser.
    • reply
      by BMT@USPS on Apr 18, 2012 at 07:05 AM in reply to LedHed
      I would ask one simple question Mr Hed, where is this "money" that the government is throwing at the USPS? If you check your history, you will find that both UPS and FedEx have publically stated that they have no interest in mail delivery.
      • reply
        by LedHed on Apr 18, 2012 at 07:15 AM in reply to BMT@USPS
        Where do you think this "short-term cash infusion" will come from? MoneyTree?
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 147768215 - kktv.com/a?a=147768215
Gray Television, Inc.