The new budget sent by President Obama to Congress would allow the US Postal Service to eliminate Saturday mail deliveries, the website GovExec reports. The President, in his budget message, says that the Postal Service needs more flexibility in order to adapt to what he says is a changing marketplace.
The proposal is part of a larger overall plan to reform the Postal Service which the President says would create $30 billion in cash relief, savings, and revenue by 2016 while saving the Federal Government $23 billion over the next 11 years.
It would allow the Board of Governors to institute one-time rate increases for standard and first-class mail and lower payments that it must make to prefund its retiree fund. It would also return $11.5 billion in surplus out of that fund.
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