A drop in mail volume hurts, but not as much as the $160 billion in debt the USPS carries. By DAVID ROGERS. Cons? This 2015 Story really makes another bailout a non-starter IMHO. This weeks news cycle has many more reasons to just break it … Congress’s interference in these overdue cost-cutting measures is self-serving, a sop to postal employee unions who are, understandably, resistant to restructuring and downsizing. How Trump’s Attack on the Post Office Could Backfire. Postal Service funding package during an emergency Saturday session that the GOP labeled a political exercise aimed … How America pulled off a transparent election. If the USPS doesn’t get a federal boost, supporters say, mail-in … House Democrats recently introduced a $2.5 … Tag: USPS bailout. Postal Service bailout bill and said the agency has been losing money for decades. Pros? Find information on our most convenient and affordable shipping and mailing services. The U.S. government has a long history of leading economic bailouts. Search Input. USPS Bailout 2020 08-15-2020, 05:08 PM. The Postal Service needs a bailout. USPS Myth #2: USPS is losing billions and has done all … Another was about closing many small stations. Postal Service nevertheless is in need of a bailout. by Jared Whitley The Savings and Loan Bailout of 1989 . WASHINGTON, D.C. – Today, Rep. Dan Newhouse (R-WA) issued the following statement after the he voted no on H.R. Order stamps, shipping supplies, and unique items only available from the United States Postal Service. A decades-long financial slump has worsened because of the pandemic plunge of first-class and marketing mail, according to The Washingon Post. Uniquely New Orleans. In the more than two centuries since Benjamin Franklin was appointed our first Postmaster General in 1775, the Postal Service™ has grown and changed with America, boldly embracing new technologies to better serve a growing population. 09/24/2009 05:08 AM EDT. Election 2020 Featured Politics. Rep. Ken Buck, R-Colo., criticized House Democrats on Saturday after they passed a $25 billion U.S. The letter says that the emergency funding is necessary to help the Postal Service “to offset COVID-19 revenue losses and allow improved access to borrowing authority from the Department of the Treasury.” A group of 137 House lawmakers sent a letter last week asking for Congressional leaders to provide a $25 billion bailout for the Postal Service due to the COVID-19 coronavirus pandemic. House Democrats voted to advance a $25 billion U.S. Welcome to the Postal Store at USPS.com! History Skip to main content. The last big controversy was over ending Saturday Delivery. DeJoy says USPS doesn't need bailout money from Congress . Shop our selection of History Stamps on the USPS.com Postal Store Postal Service—and its constant fight for survival The agency has shape-shifted to overcome crises for more than … USPS's problems pre-existed the coronavirus and will continue after the coronavirus shutdown ends, so there is no reason a postal bailout should be attached to a coronavirus spending bill. The House passed a $25 billion bailout of the financially troubled United States Postal Service that would block reforms or changes to service. Trump has said that, rather than seeking a bailout, the agency should raise rates. The tumultuous history of the U.S. But major USPS restructuring is needed, not more subsidies. ... after all, are out shopping. Use our quick tools to find locations, calculate prices, look … Conservatives and centrists are calling on the USPS to slash employees benefits and restrict mail delivery. Postal Service - which relies on the sale of stamps, postage, and parcel Black Mama’s Bail Out began with an invitation from Mary Hooks, co-director of Southerners on New Ground (SONG), a membership-based organization of Southern LGBTQ Black people, people of color, migrant, and working class people who work for dignity and justice across race, class, abilities, age, gender, and sexuality in the South. A Postal Service bailout? This evolution, which pits postal management against postal unions and the USPS’s bloated workforce, is nevertheless a vital step toward staving off bankruptcy and a taxpayer bailout. USPS Leaks Reveal an Agency That Wants a Bailout But Needs Reform The coronavirus recession is a good time for them to stop begging and do their job right. It might feel like first-class postage is going up every few weeks, but the U.S. Dividend History; Market Events ... One Group Favors a USPS Bailout: The American Public. 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