USPS rescue package passes out of Senate committee
The US Senate’s Government Affairs committee passed the bipartisan 21st Century Postal Service Act, which will now face a hearing by the full Senate.
The Act proposes to provide a $6.9bn rebate to the struggling USPS to help it cut its work force by 100,000, restructure its multi-billion dollar healthcare prefunding obligations and allow sale of additional non-postal products.
This week’s hearing saw the Senate committee adding new requirements for retail standards when closing post offices, while rejecting proposals to immediately allow a move to five-day-a-week delivery, leaving in place the proposal for a two-year ban on eliminating Saturday deliveries.
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