WASHINGTON - House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., today announced that he would convene a full committee hearing next Wednesday to examine the future of the United States Postal Service.
The hearing will explore a range of options to avoid a multi-billion dollar taxpayer funded bailout and restore USPS to long-term financial solvency.
“The Postal Service’s decision to first pursue modified Saturday delivery and then renege on its cost-cutting plan has seriously set back efforts to advance postal reform legislation," said Issa. “This hearing will allow us to review a wide variety of options to bring the troubled agency back from insolvency."
The modified six-day delivery schedule, announced on February 6th of this year, would’ve saved USPS approximately $2 billion per year. On April 10th, USPS reversed its earlier decision and decided not to pursue a modified delivery schedule.
Among the witnesses invited will be Postmaster General Patrick Donahoe and members of the USPS Board of Governors, the Presidentially-appointed and Senate-confirmed body that governs the Postal Service.
The hearing, entitled “Options to Bring the Postal Service Back from Insolvency," will be held Wednesday April 17th at 9:30 a.m. in Rayburn 2154 and can be viewed online here.
