Senate Finally OKs Postal Reform Bill

A key element of the bill, which would ultimately help stave off large future rate increases, relieves the USPS of its obligation to place more than $3 billion per year in an escrow account. It was the sole cause for the January 2006 postage increase.

Some retirement costs would be handed over to the U.S. Treasury, increasing an already high national deficit, which could prompt President Bush to veto the bill.