From the article: "...This situation is not due to falling mail volume or the Internet. It is due to a huge (and hugely unfair) congressional mandate.
The Postal Service is in trouble because of a 2006 law that requires it to massively prefund the cost of retiree health benefits over the next 75 years in just 10 years' time. ..."
From the article: "...they unveiled a new plan that would require the federal government to return about $7 billion to the Postal Service that it has paid over the years into a federal retirement account. The money, Democrats said, could be used to offer buyouts or early retirement incentives to eligible postal workers...."
From the article: "...A US Postal Service study is causing a lot of stress for postal workers who could find their jobs eliminated...."
From the article: "...This has been a terrible news for people who used to send small packets or letters to different places across the US. It was the cheapest option for them and saved them lots of money. If they send the same stuff by UPS or FedEx, it will cost them many times more...."
From the article: "...Computer Sciences Corp. has received an $83 million grant from the Postal Service to repair and maintain equipment used to handle and process mail internally. Besides Barrington, it will set up operations in Lakeville, Minn...."
From the article: "...HR 1351, with zero taxpayer involvement, would restore the USPS budget to financial soundness, and do so in the near future, if not immediately...."
From the article: "...It's a worst-case scenario being painted for an organization that lost $8.5 billion in 2010 and seems headed deeper into the red this year...."
From the article: "..."I said to my co-worker, 'Hey have you ever seen anything like this before?'" He said, "'That's definitely a half-stick of dynamite, don't touch anything else around here,' " he said...."
