GAO: Postal Service must revamp operations to stay solvent

[The Straight Story]

GAO: Postal Service must revamp operations to stay solvent

By Alyson Klein, CongressDaily
The Postal Service must revamp its operations to stay on firm financial footing, according to a Government Accountability Office report released Monday.

Requested by Reps. John McHugh, R-N.Y., and Danny Davis, D-Ill., co-chairmen of the Special Panel on Postal Reform and Oversight during the 108th Congress, the report makes some of the same recommendations aimed at transparency outlined in legislation approved unanimously by the House Government Reform Committee last month.

The report comes as the bills' stakeholders -- including unions, the mailing industry and the Postal Service's competitors -- are working to convince lawmakers to support the legislation on the floor, despite White House opposition.

The administration's objections to provisions that would give the Postal Service access to money slated for an escrow account and shift its military pensions back to the Treasury Department kept the House bill and a similar Senate measure from clearing either chamber last year.

http://www.govexec.com/dailyfed/0505/051005cdam3.htm

[whistle]

1. UPS and FedEx backed bills would be fair and balanced....

...would they not :sarcasm: Watch for $1.75 first class stamp charges for 1oz and under letters.

[vi5]

2. Hmm...I would have thought with all those album sales....

That they would have put away some money for a rainy day.

[CountAllVotes]

3. KICK!!!!

for my late brother the UNION postman that is no longer with us. :(

:kick: