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Senator McCain introduces Postal Reform Act of 2011

by News on September 23, 2011

in Federal Legislation, Government Employee Unions


U.S. Senator John McCain Friday introduced the Postal Reform Act of 2011. The Arizona Republican says it’s a bill to restore the financial health and long-term viability of the United States Postal Service.

The Postal Service is facing a $10 billion loss this fiscal year, and could see a shortfall of $238 billion by 2020. The Postal Services say by the end of this month, it will not be able to make a required $5.5 billion payment to fund future retirees’ health benefits.


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