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U.S. Postal Service financial crisis: Little agreement, but lots of commotion

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All of a sudden, federal policymakers have noticed that the U.S. Postal Service is staggering toward financial collapse. There’s little consensus on a solution, but the ensuing attention is generating plenty of news. Here’s a recap of major developments just on Monday:

1)       The Obama administration publicly outlined one approach for putting the Postal Service back in the black (check out p. 23 of the pdf).

2)       A House Oversight and Government Reform subcommittee scheduled a Wednesday vote on legislation by Rep. Darrell Issa, R-Calif.,  offering an opposing strategy.

3)       Rep. Gerald Connolly, D-Va., and 74 other lawmakers released a letter to Postal Regulatory Commission Chairman Ruth Goldway, objecting to USPS plans for the possible closing of thousands of post offices.

4)       The American Postal Workers Union, the National Association of Letter Carriers and the National Postal Mail Handlers Union announced the second round of a national television ad campaign with a commercial that faults Congress for the Postal Service’s financial mess.

Meanwhile, the Postal Service continued to deliver the mail and to lose money. Anything we missed?

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