U.S. Representative

Washington, Apr 25, 2012 -

Later on, Senator McCain proposed a substitute amendment (S. 1625), which would create a new postal oversight board (similar to BRAC)  to close $3 billion worth of facilities over a two-year period and seize financial authority over the Postal Service if it defaults with more than a $2 billion deficit for more than two years.  It would also allow them to make reforms, such as ending Saturday delivery.  This will ensure that the USPS either succeeds on its own merits or becomes a private entity – free of government regulations, but also free of its government-sponsored monopoly on first class mail.  The bill closely mirrors the Issa-Ross bill in the House.  Yet, once again 16 Republicans joined with Democrats to defeat this modest reform bill.

This is going to be a long week on the Hill….(read more)