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Thursday, September 22, 2011

Lawmakers Still Struggling With USPS

Lawmakers are squaring off over a bill to fix the struggling Postal Service. A House subcommittee is considering dramatic reforms to USPS — part of legislation backed by House Republican but opposed by Democrats. The bill would let the Postal Service cut Saturday mail delivery, dramatically increase postage rates and charge employees more for health insurance. However, the plan differs from competing proposals from the White House and the Senate in two key ways: It would not let the Postal Service take back the $7 billion it overpaid into the federal retirement system. It would also set up a commission to reorganize the agency, rather than let the Postal Service restructure itself.

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