Contact Us
Make My Homepage

Senate Passes Measure to Help U.S. Postal Service

The Senate has passed overhaul legislation that would allow the financially strapped U.S. Postal Service to avert immediate bankruptcy, giving it a cash infusion while delaying decisions on closing post offices and ending Saturday delivery.

Post Office
David Matthau, Townsquare News Network

The bill passed on a 62-37 vote.

Under the measure, the postal service would get an $11 billion refund of overpayments made to a federal fund to pay down debt and finance buyouts to 100,000 postal employees.

At the same, it would halt the closing of more than 100 mail processing centers, bar any shutdowns before the November elections and protect rural post offices for one year.

The issue now goes to the House, which has yet to consider a separate bill.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.