US House Committee to Consider Postal Reform Proposals

The U.S. Postal Service (USPS) needs to cut its operating expenses by more than $20B to return to a balanced situation, but needs Congressional action to achieve half of this, according to executives.

The US Congress failed to reach agreement on postal reforms last year, with the House of Representatives proving the key hurdle to legislation being passed.

The issue of postal reform is set to return to the US House of Representatives tomorrow, as the Oversight and Government Reform Committee examines proposals for legislation to rescue the Postal Service.