USPS to Accelerate Restructuring, Cost Reduction, No Help from Congress

USPS: Management to Accelerate Steps to Restructure Operations and Reduce Costs: The Postal Service Board of Governors met last week to discuss a wide range of accelerated cost cutting and revenue generating measures in the face of an unprecedented set of financial challenges, heightened by the inability of Congress to pass comprehensive postal legislation.  Citing the fact that the Postal Service cannot wait indefinitely for legislation, the USPS Board of Governors has directed management to accelerate the restructure of Postal Service operations to further reduce cost.

http://www.bloomberg.com/news/2013-01-14/postal-delay-in-congress-hastens-risk-of-mail-stoppage.html

Postal Delay in Congress Hastens Risk of Mail Stoppage

The U.S. Postal Service, set to run out of operating cash in October, still can’t get Congress to act with any urgency to help solve its problems. Competing Senate and House proposals to help resolve Postal Service finances expired when the old Congress left Jan. 3, and a senator who led the push for a postal overhaul retired. The post office now must persuade lawmakers focused on broader fights on the deficit and spending to pass a law to let the agency cut costs and plug losses.