Issue Date: November-December 2009, Posted On: 11/24/2009
Big Issues Await Congress By Kate Muth
Thanks to some last-minute legislative maneuvering, the Postal Service got a little financial breathing room at the end of fiscal year 2009 (September 30). As part of a bill to keep the government operational at the start of the new fiscal year, Congress included a provision allowing the USPS to reduce the payment to its retirement health account by about $4 billion. So, instead of a $7 billion net loss at the end of FY 2009, the Postal Service had a net loss of $3 billion.
