Senators Offer Plan to Save Cash-Strapped USPS

By: AP
By: AP

WASHINGTON (AP) -- Saturday and door-to-door mail delivery would be phased out and the Postal Service could start shipping alcoholic beverages under a plan by two key senators seeking to turn around the struggling agency's finances.

Senate Homeland Security and Governmental Affairs Committee Chairman Tom Carper of Delaware and the panel's ranking Republican, Tom Coburn of Oklahoma, say they hope Congress can act quickly to help the agency.

The Postal Service lost $16 billion last year, $11 billion of it in payments to its health fund for future retirees.

The Senate plan includes changes in how pensions and retiree health care costs are handled in an attempt to stabilize the agency's finances.

A House bill also would end Saturday delivery and phase out door-to-door service over 10 years.

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