CCAGW Calls for Congress to Deliver on Postal Service
(Washington, D.C.) – Today, in response to the United States Postal Service’s (USPS) announcement that it will default on its future retiree health benefit payment due August 1, the Council for Citizens Against Government Waste (CCAGW) again slammed Congress for failing to enact a meaningful set of structural reforms that would improve USPS’s fiscal health. The Postal Service, which lost $8.5 billion in fiscal year (FY) 2010, $5.1 billion in FY 2011, and $3.3 billion in the first quarter of FY 2012, is literally on the brink of financial ruin and, as with all of the nation’s fiscal problems, Congress is ignoring the problem as it grows increasingly critical.
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