USPS Threatens Post Office Closures, Price Hikes Published

The United States Postal Service (USPS) could close thousands of post offices, reduce service levels and raise prices if Congress does not approve legislation to address the agency's financial problems, Postmaster General David Steiner recently warned. In remarks delivered to the USPS Board of Governors on Friday, Steiner said Congress faces an either-or choice: provide the Postal Service with legislative changes and federal funding to support its public-service obligations or leave USPS to pursue more aggressive measures to reach financial break-even on its own. "We have peak season coming up, so we would not take any action until after the...