Wed, 23 Jun 2021

WASHINGTON D.C.: The U.S. House of Representatives is seeking solutions to reduce the $10 billion annual loss suffered by the U.S. Postal Service.

The Oversight and Reform Committee is weighing bills to reform the U.S. Postal Service, which is now operating without sufficient cash reserves.

Representative Carolyn Maloney, who chairs the panel, is considering changes, such as an end to pre-paying retiree health benefits. Another measure would require postal employees to enroll in the Medicare government-retiree health plan. The bills would save USPS up to $50 billion over 10 years.

Maloney said reforms are needed "to put the Postal Service on a more sustainable financial footing for years to come," as quoted by Reuters.

During the Covid pandemic, the Postal Service was heavily criticized for its poor delivery performance. Postal officials noted that a large increase in packages and COVID-19 staffing issues was to blame for many of the problems.

Meanwhile, Postmaster General Louis DeJoy has proposed eliminating $160 billion in costs by slowing some mail deliveries, reducing retail hours and closing locations.

"We're losing $10 billion a year - gotta fix it," DeJoy told Reuters.

Democrats have circulated a letter "to enable the Postal Service to purchase an all-electric delivery fleet and the needed infrastructure to support that fleet."

The letter also calls for requiring "at least 75% of the Postal Service's new fleet must be electric or zero-emission" and for USPS to "acquire only electric or zero-emission vehicles after 2040."

The USPS has lost $86.7 billion since 2007.

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