Bipartisan Senate Plan Provides for Solvent USPS

WASHINGTON, DC—A bipartisan plan announced by the Senate this week would throw a lifeline to the floundering U.S. Postal Service (USPS) while maintaining six-day mail delivery for at least the next two years, the Associated Press reported.

The Senate Homeland and Governmental Affairs Committee will take up the proposal next week. The proposal, among other things, encourages cuts in staffing and refunding the nearly $7 billion in overpayments USPS paid into the Federal Employee Retirement System.