Postal Service to delay cutbacks until mid-May

Postal Service to delay cutbacks until mid-May

WASHINGTON (AP) â€" The U.S. Postal Service on Tuesday concluded to check a shutting of 252 mail estimate centers and 3,700 internal post offices until mid-May.

In a statement, a cash-strapped organisation pronounced it would reason off on closings by several weeks to give Congress some-more time to pass legislation that would give it some-more management and liquidity to wand off bankruptcy. The Postal Service, that is approaching to default Friday on a $5.5 billion remuneration to a Treasury, is foresee to remove a record $14.1 billion subsequent year.

Last week, a Postal Service pronounced it was relocating brazen on cutbacks. It had designed to start shutting estimate centers as early as April, and shiver some post offices early subsequent year.

"There continues to be impassioned urgency, and a financial predicament continues," pronounced postal orator David Partenheimer. "But we're anticipating by operative with senators and all members of Congress that they can pass extensive legislation that allows a Postal Service to lapse to profitability."

The agreement by a Postal Service also means that cuts to first-class mail that would delayed smoothness and, for a initial time in 40 years, discharge a possibility for hammered letters to arrive a subsequent day, would not start before May 15. Previously, a post office pronounced it had hoped to exercise a cuts to first-class use in April.

Last Thursday, a organisation of 21 senators from mostly farming states led by Bernie Sanders, an eccentric from Vermont, sealed a minute to congressional leaders seeking them to supplement denunciation to legislation that would hindrance closings for 6 months. The closures could cost 100,000 postal employees their jobs.

"What we feared really most is that a post bureau unilaterally would start creation extreme cuts to estimate plants, farming post offices and delayed first-class mail use before Congress can pass postal reform," Sanders said. "So it's a step brazen in terms of giving us time with certainty that farming post offices won't be closed."

In all, roughly 100,000 postal employees could be cut as a outcome of a several closures, ensuing in assets of adult to $6.5 billion a year.

The Postal Service, an eccentric organisation of government, does not accept taxation money, though it is theme to congressional control on vital aspects of a operations.

Separate bills that have upheld House and Senate committees would give a Postal Service some-more management to revoke smoothness to 5 days a week, lift stamp prices and revoke health caring and other labor costs.

The Senate check would reinstate scarcely $7 billion a Postal Service overpaid into a sovereign retirement fund, inspire a restructuring of health advantages and revoke a agency's annual payments into a destiny retirement health account. No other organisation or business is compulsory to make such health prepayments.

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