Donahoe Trades Blame With Congress Over Postal Finances - Bloomberg
Donahoe, in testimony for a House oversight hearing, said congressional gridlock on a bill to overhaul the Postal Service’s business model is worsening the agency’s financial situation, following a $15.9 billion loss in the 2012 fiscal year.
He called on Congress to ease a requirement that it pre- fund future retirees’ health-care benefits, which the service and its unions blame for most of the losses, and to let the service exit the health plan covering U.S. government workers in favor of setting up its own.
Representative Darrell Issa, the California Republican who had backed Donahoe’s plan to end Saturday mail delivery over objections of much of Congress, countered by saying the Postal Service has itself to blame for its financial predicament.
Donahoe, in testimony for a House oversight hearing, said congressional gridlock on a bill to overhaul the Postal Service’s business model is worsening the agency’s financial situation, following a $15.9 billion loss in the 2012 fiscal year.
He called on Congress to ease a requirement that it pre- fund future retirees’ health-care benefits, which the service and its unions blame for most of the losses, and to let the service exit the health plan covering U.S. government workers in favor of setting up its own.
Representative Darrell Issa, the California Republican who had backed Donahoe’s plan to end Saturday mail delivery over objections of much of Congress, countered by saying the Postal Service has itself to blame for its financial predicament.
