The Senate will join the House in passage of a Postal Service bill that would assure continued mail service on the level it is currently….
The Post Office loses money because Congress back when increased it’s pension load above what would be normal for any organization….
The bill addresses this….
The Post Master, Louis DeJoy , is a Trump hold over who many wanted removed because 2020 election delays and problems….
But he’s managed to hold on and it seems President Biden is no hurry to get rid of him….for now….
Many people do NOT know this but the US Post Office also does a big package delivery business carrying package’s for most of the large retailers INCLUDING Amazon……
Long-awaited legislation overhauling the Postal Service’s finances and operations sailed through the House Tuesday.
The bipartisan legislation passed the chamber in a 342-92 vote, despite controversy over the head of the Postal Service that had threatened to tank Republican support for the legislation….
The vote caps off a bipartisan push in both chambers to address yearslong financial insolvency at the Postal Service, stemming from several entrenched problems, including an agency requirement to prefund retiree health benefits. The bill now heads to the Senate, where it also enjoys considerable bipartisan support….
Among its provisions, the bill would require Postal Service retirees to enroll in Medicare and eliminates the requirement that the agency prefund its retiree health benefits for 75 years in the future, saving the beleaguered agency tens of billions of dollars over the next decade. It would also mandate that the Postal Service create a dashboard with performance data and continue to deliver at least six days each week…..
DeJoy, an ally of former President Donald Trump, has continued to face political headwinds. Democrats have heavily criticized DeJoy over cuts he implemented to stem the agency’s losses. The cash-strapped agency lost $1.3 billion last quarter, though it is currently implementing a plan to reverse its losses over the next decade. According to the Postal Service, without congressional action, the agency will run out of funds for operational expenses by the 2023 fiscal year, and its fund for retiree health benefits will be depleted by the 2030 fiscal year.
Less clear, though, is how long DeJoy will continue to serve at the head of the Postal Service despite Democrats’ opposition. The nine White House-appointed governors of the Postal Service’s board would have to take action to remove DeJoy, and several of President Joe Biden’s nominees to the board are still awaiting confirmation by the full Senate. No more than five of the board’s governor can belong to the same political party….