Postal Chief Lays out Plan for Agency Survival
Excerpt:The head of the economically struggling U.S. Postal Service states the agency needs to be permitted to alleviate the regards to prepayments into a retiree health care fund and do away with general mail delivery on Saturday. Patrick Donahoe informs "CBS This Morning" the agency isn't asking Congress for money. He states, "I think most people don't realize, we're 100 percent self-sufficient. We pay our own way." But the postal chief keeps in mind the agency is losing $ 15. 9 billion this year. Donahoe states the post office should refinance retirement health fund repayments to $ 1 billion a year instead of $ 5 billion. He states the Postal Service would continue package delivery on Saturday and keep post offices open. In this scenario, he states the agency could possibly be $ 8 billion in the black each year.
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Patrick Donahoe
Overall Sentiment: 0.460235
Relevance: 0.899659
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0 | Patrick Donahoe tells "CBS This Morning" ... |
0 | He says, "I think most people don't realize, we're 100 percent self-sufficient. We pay our own way." |
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Additional Info:
Organization: U.S. Postal Service
Overall Sentiment: -0.381246
Relevance: 0.493423
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Postal Chief Lays out Plan for Agency Survival
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Postal chief Donahoe: Agency needs easier terms for meeting retiree health care obligations
Source URL: Postal Chief Lays out Plan for Agency Survival
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