Tags: Issa | postal | reforms

Rep. Issa: Postal Reforms Must be Enacted

Monday, 08 Aug 2011 12:32 PM

By Greg McDonald

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
House Oversight and Government Reform Committee Chairman Darrell Issa says the time has come for Congress to enact reforms to the U.S. Postal Service “to avoid a taxpayer-funded bailout.”
 
The California Republican made the comment as the Postal Service predicted a $9 billion loss by the end of the year and raised the possibility of having to ask Congress to raise the agency’s debt limit to $15 billion to help cover health benefit and other financial obligations to its employees.
 
“These deficits clearly cannot be closed by bailing out the Postal Service with taxpayer money or allowing the Postal Service to amass obligations to employees, retirees and taxpayers that are unlikely to be fully met in the future,” Issa said. 
 
Issa said only “serious cost-cutting structural reforms” would help reduce costs. “The Postal Service must adapt its outdated brick-and-mortar model to meet current customer needs,” he said.
 
The agency has already been forced to close many offices nationwide, reduce hours, and lay off workers. Those efforts have helped, but losses are expected to continue as more people and businesses shun the traditional use of mail to correspond electronically.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Sony Cancels 'The Interview' Theatrical Release Over Hacker Threats

Wednesday, 17 Dec 2014 18:24 PM

Sony Entertainment has canceled the Dec. 25 release of "The Interview" after theater chains decided not to show the movi . . .

Texas Plumber's Truck Seemingly Used by Islamic Militants in Syria

Wednesday, 17 Dec 2014 18:06 PM

A photo of an old truck that used to belong to a Texas plumber has showed up on Twitter being used in Syria's civil war. . . .

JK Rowling Says Hogwarts Had Jewish Wizards, Such As Anthony Goldstein

Wednesday, 17 Dec 2014 17:26 PM

Responding to a question from a fan, author J.K. Rowling revealed on Twitter on Tuesday that the Harry Potter series inc . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved