Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/5/2011 (3 years ago)

Catholic Online (www.catholic.org)

Unless $5.5 billion is paid by this winter - NO ONE will get Christmas cards

Teetering on the brink of insolvency, the United States Postal Service may shutdown altogether, leading to an extremely dire Christmas season with NO ONE getting cards or gifts in the mail. Unless the agency is able to make a $5.5 billion payment due this month, the post office may have to shut down altogether this winter. Congress will have to take emergency action to stabilize the post office's finances.

A hearing on Tuesday by the Senate Homeland Security and Governmental Affairs Committee will address the agency's predicament. Democrats and Republicans in Congress, still smarting from the brawl over the federal debt ceiling, have no solutions forthcoming.

A hearing on Tuesday by the Senate Homeland Security and Governmental Affairs Committee will address the agency's predicament. Democrats and Republicans in Congress, still smarting from the brawl over the federal debt ceiling, have no solutions forthcoming.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/5/2011 (3 years ago)

Published in U.S.

Keywords: Postal Service, insolvency, email, health benefits


LOS ANGELES, CA (Catholic Online) - "Our situation is extremely serious," the postmaster general, Patrick R. Donahoe says. "If Congress doesn't act, we will default."

Donahoe has been pushing a series of painful cost-cutting measures to erase the agency's deficit. Plans include eliminating Saturday mail delivery, closing up to 3,700 postal locations and laying off 120,000 workers, or nearly one-fifth of the agency's work force in spite of a no-layoffs clause in the unions' contracts.

The American institution is being squeezed on both sides from revenue and costs.

The Internet generation has led to people and businesses sending far less conventional mail. Mail volume has fallen with the rise of e-mail, electronic bill-paying and a Web that makes everything from fashion catalogs to news instantly available. The system handles an estimated 167 billion pieces of mail this fiscal year, down 22 percent from five years ago.

Simultaneously, decades of contractual promises made to unionized workers, including no-layoff clauses, are increasing the post office's costs.

Labor represents 80 percent of the post office's expenses, compared with 53 percent at United Parcel Service and 32 percent at FedEx, its two biggest private competitors. Postal workers also receive more generous health benefits than most other federal employees.

A hearing on Tuesday by the Senate Homeland Security and Governmental Affairs Committee will address the agency's predicament. Democrats and Republicans in Congress, still smarting from the brawl over the federal debt ceiling, have no solutions forthcoming.

"The situation is dire," Thomas R. Carper, the Delaware Democrat who is chairman of the Senate subcommittee that oversees the postal service says. "If we do nothing, if we don't react in a smart, appropriate way, the postal service could literally close later this year. That's not the kind of development we need to inject into a weak, uneven economic recovery."

Missing the $5.5 billion payment due on Sept. 30, intended to finance retirees' future health care, won't cause immediate disaster. But sometime early next year, the agency will run out of money to pay its employees and gas up its trucks, officials warn, forcing it to stop delivering the roughly three billion pieces of mail it handles weekly.
 

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for February 2015
General Intention:
That prisoners, especially the young, may be able to rebuild lives of dignity.
Missionary Intention: That married people who are separated may find welcome and support in the Christian community.



Comments


More U.S.

Obama Administration as Global Advocate for Radical LGBTI Agenda

Image of Randy Berry

By Keith A Fournier

Robert Reilly is right. The Obama administration is doing profound damage to the very understanding of human rights. We have fundamental human rights precisely because we are human persons. No-one should support the denial of truly fundamental human rights for ... continue reading


Climate change - WHERE IT HURTS: Scientists say warming will hit nation's agricultural heartland Watch

Image of The climate change panel's verdict came as a bit of a surprise: Greenhouse-gas emissions played a substantial role in Europe's misery, but not so much in California.

By Catholic Online (NEWS CONSORTIUM)

There are very few positive things to result from climate change. Researchers now say that warmer temperatures will hit America where it counts: the nation's agricultural heartland. LOS ANGELES, CA (Catholic Online) - Researchers presented their latest findings ... continue reading


WITCHES ARE BACK: Witchcraft reappears in today's popular mainstream culture in unexpected ways Watch

Image of Witches are seen in both religion and as a feminist symbol.

By Abigail James (NEWS CONSORTIUM)

The idea of the witch is making its rounds through history again. Females, both young and old, are embracing the power that comes with the feminist witch in today's society. LOS ANGELES, CA (Catholic Online) - In a recent twitter post, popular female rapper, Azealia ... continue reading


Alaska lights up as it become the third U.S. state to legalize marijuana Watch

Image of Twenty-three states still prohibit cannabis outright. The other U.S. states have either legalized medical marijuana or decriminalized marijuana possession.

By Catholic Online (NEWS CONSORTIUM)

The state of Alaska is lighting up in celebration... following Colorado's lead, Alaska has become the third U.S. state to legalize recreational marijuana use. LOS ANGELES, CA (Catholic Online) - Voters passed the Alaska Marijuana Legalization ballot measure last ... continue reading


The Air Force pulls a B-52 from the 'Boneyard,' and you won't believe what they did with it next Watch

Image of A B-52, one of the largest and most effective bombers in the world.

By Matt Waterson (NEWS CONSORTIUM)

For the first time in aircraft's history, the U.S. Air Force has brought a B-52 bomber back to life from the Boneyard of the Davis-Monthan Air Force Base near Tucson, Arizona. LOS ANGELES, CA (Catholic Online) - Nicknamed "Ghost Rider," this 53-year-old bomber had ... continue reading


Fr. Peter M. J. Stravinskas on the Chair of St. Peter and the Role of the Pope

Image of

By Fr. Peter M. J. Stravinskas, Ph.D., S.T.D.

The doctrine of infallibility, then, is derived from the principle of apostolic succession and from the fact that Jesus Christ promised His presence to His apostles when He sent them forth to teach all the nations (cf. Mt 28:20).  The Pope and the bishops in ... continue reading


'I don't know' whether Obama is a Christian, Governor Scott K. Walker of Wisconsin says Watch

Image of Governor Scott Walker declined to weigh in on Rudolf Giuliani's characterization of the president's patriotism and background.

By Catholic Online (NEWS CONSORTIUM)

When reporters asked Wisconsin Governor Scott Walker about U.S. President Barack Obama's religious affiliation, he said, "I don't know." Considered a possible Republican candidate for the presidency in 2016, Walker said he was not aware of Obama's faith.  ... continue reading


Fifty Shades of Madness: No Gray Area Here

Image of

By Jennifer Hartline

I can't say it any better than the Dowager Countess of Grantham: Have we all stepped through the looking glass? Yes, I'm afraid that collectively, as a culture, we have indeed. We no longer seem to recognize the plainly absurd as absurd. Up is down; out is in; ... continue reading


15 'mortifying disasters' every '90s girl experienced Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Growing up in the '90s was full of iced-tips, crop tops, died hair, Spice Girls and boy bands. Being a girl growing up in the '90s, certain disastrous things could happen that would leave you "mortified." LOS ANGELES, CA (Catholic Online) With some help from BuzzFeed, ... continue reading


Swastikas everywhere: Anti-Semitic graffiti scrawled across Washington, D.C. Watch

Image of A swastika scrawled alongside obscenities were spotted this week along 19th and N Streets NW in the Dupont Circle neighborhood in downtown D.C.

By Catholic Online (NEWS CONSORTIUM)

The swastika, a twisted symbol of hate and racial genocide is becoming a more common sight in the Washington, D.C. area. Graffiti expressing an anti-Semitic, pro-terror view has caused concerns among some residents, as anti-Jewish incidents rise across the ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Esther C:12, 14-16, 23-25
12 The king said to Queen Esther, 'In the citadel of ... Read More

Psalm, Psalms 138:1-2, 2-3, 7-8
1 [Of David] I thank you, Yahweh, with all my heart, ... Read More

Gospel, Matthew 7:7-12
7 'Ask, and it will be given to you; search, and you ... Read More

Saint of the Day

Saint of the Day for February 26th, 2015 Image

St. Isabel of France
February 26: Sister of St. Louis and daughter of King Louis VIII of France ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter