Postal reform plan would boost subsidies and reshape service
A House bill by Hanley and Wilson proposes raising the public service subsidy from 926 million to over 2 billion dollars to preserve current services including Saturday mail. It would strip Congress of much independence, restore presidential control of the postmaster general, and give legislators power to veto rate increases. Floor action is expected in February as lawmakers decide how to address rising costs and operational changes.
MENTIONED IN THIS ARTICLE
James M. Hanley
Day
Charles Wilson
D-Calif
Muuch
Independence Congress
Postal Service Board of Governors
Bailar
House of Representatives
Post Office Committee
Postmaster rips mail subsidy as taxpayer burden
Postmaster General Benjamin Bailor opposes a 2 billion dollar annual mail subsidy, saying it would shift the bill to individual citizens. He notes only a small share of mail goes to business use and emphasizes the Postal Service should be funded by users. Bailor cites rising costs, productivity gains, and the need to balance service with affordability as Congress weighs reform.
MENTIONED IN THIS ARTICLE
Washington Lap
Benjamin F. Bailor
Bailor
Slight drop ends 3 day stock rally
New York markets edged lower by noon as the Dow slipped to 827.20, down 2.17 from session highs amid light trading. Declines outpaced advances 65 to 1 on the NYSE while Kroger fell 4 to 37 and GM dropped about 48 cents. The NYSE composite fell to 42.20 and AMEX declined to 126.27 as volume reached 27.52 million. Analysts warned of a possible government balance of trade report release on Wednesday.
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New York
Kroger
General Motor4
NYSE
American Stock Exchange
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By Jeffrey Mills
Postal Service
Benjamin Bailar