SENATORS THOMPSON AND COCHRAN TO HOLD HEARING ON FINANCIAL OUTLOOK OF THE POSTAL SERVICE

SENATORS THOMPSON AND COCHRAN TO HOLD HEARING ON FINANCIAL OUTLOOK OF THE POSTAL SERVICE

The following press release was published by the U.S. Senate Committee on Homeland Security and Governmental Affairs on May 14, 2001. It is reproduced in full below.

WASHINGTON - Senate Governmental Affairs Committee Chairman Fred Thompson (R-TN) and Subcommittee on International Security, Proliferation, and Federal Services Chairman Thad Cochran (R-MS) announced that a joint hearing will be held on Tuesday, May 15, 2001 regarding the financial outlook of the United States Postal Service (USPS).

Tuesday, May 15, 2001

10:00 A.M.

342 Dirksen Senate Office Building

The wide fluctuation in financial estimates made by USPS recently prompted members of the Governmental Affairs Committee to request an independent assessment of the Service by the General Accounting Office (GAO). Chairman Thompson, Ranking Member Joseph Lieberman (D-CT), Subcommittee on International Security, Proliferation, and Federal Services Chairman Thad Cochran (R-MS), and Subcommittee Ranking Member Daniel Akaka (D-HI) requested the GAO report, and the findings will be presented tomorrow by GAO Comptroller General David Walker.

WITNESS LIST

THE HONORABLE WILLIAM J. HENDERSON

Postmaster General

United States Postal Service

THE HONORABLE GEORGE A. OMAS

Vice Chairman

Postal Rate Commission

THE HONORABLE ROBERT F. RIDER

Chairman, Board of Governors

United States Postal Service

THE HONORABLE DAVID M. WALKER

Comptroller General

United States General Accounting Office

Source: U.S. Senate Committee on Homeland Security and Governmental Affairs

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