Postal News Blog--On Sept. 29, Congress adopted a "continuing resolution" (CR) that will fund the federal government through early December. Sens. Tom Carper (D-DE) and Dick Durbin (D-IL) worked tirelessly along with Senate Majority Leader Harry Reid (D-NV) to include an NALC-backed provision in the Senate version of the bill that would have deferred $4 billion of the $5.5 billion payment, due at midnight Sept. 30 to pre-fund future retiree health benefits. Unfortunately, Senate Republicans voted unanimously to block the postal measure, even though the U.S. Postal Service warned that making such a huge payment-which no other agency or private company is required to make-would seriously imperil its liquidity. Read more!
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