Bloomberg--The U.S. Postal Service, which says it may run out of cash, needs chief executive officers of companies like Bank of America Corp. (BAC) and Verizon Communications Inc. (VZ) to convince Congress to provide long-term relief, the agency's regulator said.
President Barack Obama, in his budget proposal, proposed deferring $4 billion of a benefits payment this year and refunding some surplus pension payments. If executives from banks, utilities, publishers and other large users of mail services push lawmakers, there will be a better chance of adjusting the amount than if just their trade groups do, Postal Regulatory Commission Chairman Ruth Goldway said. Read more!
President Barack Obama, in his budget proposal, proposed deferring $4 billion of a benefits payment this year and refunding some surplus pension payments. If executives from banks, utilities, publishers and other large users of mail services push lawmakers, there will be a better chance of adjusting the amount than if just their trade groups do, Postal Regulatory Commission Chairman Ruth Goldway said. Read more!
