House Approves Major Overhaul Of USPS Finances

The New York Times reports:

The House on Tuesday approved the most significant overhaul of the Postal Service in nearly two decades, seeking to address the beleaguered agency’s financial woes and counter pandemic-era mail delays that became a flash point in the 2020 elections.

The service has teetered on the brink of insolvency for years, as repeated efforts to revamp its structure and finances have stalled in Congress. The House approved the measure 342 to 92.

To address the financial strain on the agency, the bill requires retired employees to enroll in Medicare when they are eligible and removes a mandate, first imposed by a 2006 law, that the agency cover its future health care costs decades in advance.

Read the full article. The bill has also has bipartisan support in the Senate and is expected to pass there.