New York Times (April 23)
The United States Postal Service (USPS) has been hard by declining volume. “Bread-and-butter revenue from first-class mail has been evaporating as most bills are now paid on the Internet.” As a result, the USPS is planning to file for bankruptcy on May 15, unless Congress provides approval to close 3,700 post offices, combine regional processing centers and quit delivering the mail on Saturday. The New York Times believes Congress should provide the USPS with the flexibility is seeks.
The United States Postal Service (USPS) has been hard by declining volume. “Bread-and-butter revenue from first-class mail has been evaporating as most bills are now paid on the Internet.” As a result, the USPS is planning to file for bankruptcy on May 15, unless Congress provides approval to close 3,700 post offices, combine regional processing centers and quit delivering the mail on Saturday. The New York Times believes Congress should provide the USPS with the flexibility is seeks.
Tags: Bankruptcy, Closures, Congress, Mail, Postal Service, U.S.
