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A bill that would grant the U.S. Senate moves to give the U.S. Postal Service major overhaul

Bipartisan legislation that increases the U.S. The Senate could vote on bipartisan legislation that boosts the U.S. Postal Service and saves almost $50 billion over the next decade by next week.

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A bill that would grant the U.S. Senate moves to give the U.S. Postal Service major overhaul

A bill that would grant the U.S. Senate moves to give the U.S. Postal Service major overhaul

Bipartisan legislation that increases the U.S. The Senate could vote on bipartisan legislation that boosts the U.S. Postal Service and saves almost $50 billion over the next decade by next week.

The House passed the bill, titled the Postal Service Reform Act of 2022 on Tuesday night. It received overwhelming support from 342-92.

"Americans depend on the Postal Service to get medicines, essential goods, votes, letters, and their livelihoods," tweeted Senate Majority leader Chuck Schumer (D-N.Y.) "With the overwhelming House vote in favor of postal reform--I expect the Senate will quickly adopt and pass the bill!"

What a piece of work is the Post Office?

THE INDICATOR FROM PLANET MONEY

What a piece of work is the Post Office?

According to the House Oversight Committee, key parts of the bill require Postal Service employees enroll in Medicare. This would reduce premiums. About 25% of retired postal workers don't enroll in Medicare. This would result in a savings of approximately $22.6 billion over ten years, according to the committee.

The USPS would no more be required to pre-fund its employees' health benefits. This saves the USPS approximately $27 billion over 10 year. This is where the Postal Service will see the most cost-savings. The bill also creates a service transparency tool that would allow USPS to set up an online dashboard to collect data about national- and local service levels to track delivery times. It also requires that service be provided for at least six days per week.

Not to be overlooked, the bill also seeks to promote local news through increasing special rates for local newspaper distribution.

20 general attorneys file a complaint against the Postal Service to stop its strategic plan

POLITICS

20 general attorneys file a complaint against the Postal Service to stop its strategic plan

USPS, which doesn't receive taxpayer money has been politicized for decades and has been toggled between being a business and a public service. In recent years, it has lost billions of dollars each year.

The 2020 election saw intense scrutiny of the Postal Service, and Postmaster General Louis DeJoy as millions of Americans voted via mail during the coronavirus epidemic. DeJoy, a long-standing Republican donor, was appointed to this role by the Trump administration.

DeJoy stated that he is "hopeful" that the bill will pass the Senate quickly.

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