March 27, 2010

Lawmakers Join Forces to Propel Postal Service Issues to the Forefront

On March 25, 2010, Reps. Lynch, Chaffetz, and Davis announced the reconvening of the Congressional Postal Caucus (CPC). Recently, the United States Postal Service unveiled a new business model to address unprecedented challenges largely due to the current economic environment and the rise in alternative means of communication. If nothing is done, the Postal Service expects to have an $8 billion shortfall by September 30, 2010 and suffer a net loss of $238 billion over the next 10 years