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Author: Martin Thomas
Publisher: Nova Science Publishers
ISBN: 9781536104639
Category :
Languages : en
Pages : 0
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Book Description
Congress designed the U.S. Postal Service (USPS) to be a self-supporting government agency. Since 1971, the agency has not relied upon annual appropriations to cover its operating costs. Rather, USPS has funded its operations mostly through the sales of postage and postal products and services. Since FY2007, however, the agency has run more than $40 billion in deficits and has reached its statutory borrowing limit. The agency does receive an annual appropriation of approximately $90 million per year, which amounts to about 0.1% of USPSs $65 billion operating budget. USPSs troubled financial condition has raised concerns about the viability of the agency. Many postal reform bills have been introduced in the 113th and 112th Congresses. These bills have proposed altering many aspects of postal operations, from raising the rates mailers pay to reducing the days of delivery and closing USPS post offices and mail sorting facilities. This book provides background information on the responsibilities, financial challenges and workforce issues facing the U.S. Postal Service (USPS). Additionally, it covers the current strategies and initiatives under development by the USPS and discusses further options for postal reforms.
Author: Martin Thomas
Publisher: Nova Science Publishers
ISBN: 9781536104639
Category :
Languages : en
Pages : 0
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Book Description
Congress designed the U.S. Postal Service (USPS) to be a self-supporting government agency. Since 1971, the agency has not relied upon annual appropriations to cover its operating costs. Rather, USPS has funded its operations mostly through the sales of postage and postal products and services. Since FY2007, however, the agency has run more than $40 billion in deficits and has reached its statutory borrowing limit. The agency does receive an annual appropriation of approximately $90 million per year, which amounts to about 0.1% of USPSs $65 billion operating budget. USPSs troubled financial condition has raised concerns about the viability of the agency. Many postal reform bills have been introduced in the 113th and 112th Congresses. These bills have proposed altering many aspects of postal operations, from raising the rates mailers pay to reducing the days of delivery and closing USPS post offices and mail sorting facilities. This book provides background information on the responsibilities, financial challenges and workforce issues facing the U.S. Postal Service (USPS). Additionally, it covers the current strategies and initiatives under development by the USPS and discusses further options for postal reforms.
Author: United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on the Postal Service
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 314
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1428938575
Category :
Languages : en
Pages : 32
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Book Description
Author: United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on the Postal Service
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1098
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Book Description
Author: United States. Congress. House. Committee on Government Reform. Subcommittee on the Postal Service
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 618
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Book Description
Author: United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on the Postal Service
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
Author: United States. Congress. House. Committee on Oversight and Government Reform
Publisher:
ISBN:
Category :
Languages : en
Pages : 166
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Book Description
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Post Office and Civil Service
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 200
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Book Description
Author: Rick Geddes
Publisher: American Enterprise Institute
ISBN: 9780844741802
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
A comprehensive overview of the U.S. Postal Service, its organization, and its performance since its creation by the 1970 Postal Reorganization Act.
Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289101299
Category :
Languages : en
Pages : 22
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Book Description
Pursuant to a congressional request, GAO provided comments on proposed revisions to H.R. 22, the Postal Reform Act of 1997. GAO noted that: (1) because the proposed revisions contain many complex provisions that GAO has not considered in its past or ongoing reviews, GAO is generally not in a position to comment on the implications of the specific revisions being imposed; (2) therefore, GAO does not take a position on whether or not the proposed specific revisions to H.R. 22 should be adopted; (3) the proposed revisions would mandate that the concept of Universal Service be defined; (4) the $2 limit on the delivery price of items covered by the postal monopoly--the limit proposed by the revisions--would have little short-range impact on the Postal Service's (USPS) ability to provide service; (5) in GAO's view, requiring USPS to report on the quality of its delivery service would be consistent with the underlying purpose of the Government Performance and Results Act; (6) the proposed revisions would give USPS additional flexibility to set prices for its competitive products and services; (7) however, in congressional review of proposals to give USPS greater freedom to borrow and manage its finances, three considerations seem appropriate: (a) credit markets could perceive implied federal financial backing of USPS obligations even if they are explicitly not guaranteed, which may raise concerns about potential funding advantages; (b) there may be a potential risk to the taxpayer if USPS incurred losses and the government chose to repay these obligations; and (c) effective oversight could reduce the potential risk to the taxpayer related to any losses from investments made by the Competitive Products Fund; (8) the proposed revisions would give USPS additional flexibility to set prices for its competitive products and services and would subject USPS' activities to many of the same U.S. laws as the private sector; (9) in GAO's view, as long as USPS remains a federal entity protected by the postal monopoly, it is appropriate that USPS ability to compete with the private sector be balanced with oversight and legal safeguards to ensure fair competition between USPS and private competitors; and (10) further, the proposed revisions are designed to ensure fair competition for international mail.