Posts Tagged: Postal Service

Daily Dose: Postal Service Running Up Against Debt Limit

The Postal Service may be faced with a debt ceiling crisis of its own come September 30th. The agency is reporting third quarter losses in excess of $3 billion and anticipates that they will default on payments to the federal government by the end of the fiscal year. The loss for the quarter that ended… Read more »

Daily Dose: How Would You Improve the Postal Service?

The mail has been losing out to faster forms of communication for some time now, and it’s put a serious financial strain on the Postal Service. Congress is now looking at dramatically overhauling the agency to return it to financial solvency. Last week, Representative Darrell Issa (R-California) introduced The Postal Reform Act, which would restructure… Read more »