WASHINGTON — The nearly bankrupt U.S. Postal Service is moving ahead with plans to close dozens of mail processing centers, saying on Thursday it can no longer wait as Congress remains deadlocked over how to help. At a news briefing, ...Read More »
DES MOINES, Iowa — U.S. Postal Service spokesman Richard Watkins says the agency is stalling plans to close 600 urban and suburban postal branch offices and satellite stations. Watkin’s announcement Monday follows the agency’s decision last week to halt the ...Read More »
WASHINGTON — Drowning in red ink, the U.S. Postal Service on Thursday reported a quarterly loss of $3.2 billion and blamed Congress for blocking the agency’s cost-cutting efforts to offset declining mail volume and mounting costs for future retiree health ...Read More »
WASHINGTON — A Senate bill aimed at saving the U.S. Postal Service would make it harder to close thousands of low-revenue post offices and end Saturday mail delivery, even though the struggling agency says those moves are just what’s needed ...
Tagged with: Bankruptcy cash debt john mccain mail delivery postal service postmaster general patrick donahoe senate senators u.s. house of representatives u.s. postal service U.S. Sen. Barbara MikulskiRead More »
WASHINGTON — 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 by requiring further ...Read More »
WASHINGTON — The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive ...Read More »
WASHINGTON — Postmaster General Patrick Donahoe warned that the Postal Service is on “the brink of default” as he battles to keep his agency solvent. Without legislation by Sept. 30, the agency “will default on a mandated $5.5 billion payment ...Read More »