Postal Service Sees ‘Breathing Space’ in Obama Plan, Deputy Says
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The U.S. Postal Service may gain “breathing space” to reduce costs over the next two years as part of President Barack Obama’s deficit-reduction plan, Deputy Postmaster General Ronald Stroman said.
The service should be allowed to stop delivering mail on Saturdays and be refunded $6.9 billion it paid into a federal retirement program, the administration said yesterday. The proposal would also allow the agency to enact a one-time rate increase of 5.6 percent.