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In a letter urging the House of Representatives to pass the Postal Service Act, Senators Joe Lieberman (I-Conn.), Susan Collins (R-Maine), Tom Carper (D-Del.) and Scott Brown (R-Mass.), co-authors of the bill, say that without this legislation the US Postal Service is in serious trouble.
The bill has already received bi-partisan support and passed the Senate, and now only needs to pass in the House to become law.
The Postal Service is in deep trouble, the senators state, due to competition from the internet, the weak economic recovery, and the high cost of labor. In the past two years the service has lost about $13.6 billion, and it won’t take long before it reaches its credit limit of $15 billion with the Treasury Department. The senators claim that without new legislation that restructures the Postal Service, this universal mail service which supports a $1 trillion mail delivery industry plus over 8 million jobs, will be at risk.
The senators go on to say that the bill that passed the senate represents an unusual event in Washington politics; that is bi-partisan support. It is a compromise in which no one got everything they wanted, but it nevertheless puts the Postal Service in the direction of recovery and financial responsibility, hopefully allowing the service to exist for many years to come.
