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Erik Cagle
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The USPS is looking at a loss of $6 billion for 2009, according to Postmaster General John Potter.
How dire is the USPS’ situation? Potter proposes reducing the number of delivery days to five, which would save an estimated $3.5 billion a year. This action is largely opposed in printing circles.
Still, rationalization will rear its head in some form or another. Testifying before the House Subcommittee on Federal Workforce, Postal Service and the District of Columbia in March, Potter urged lawmakers to provide the USPS with flexibility in regard to mandated retiree health benefit payments. The H.R. 22 bill reversing the mandatory retiree funding requirement would save the USPS $2 billion.
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Erik Cagle
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