Within the next few hours, the House of Representatives may make a crucial decision regarding the fiscal future of the U.S. Postal Service.
Due to a $7 billion deficit, the Postal Service can’t make its scheduled Sept. 30 payment to its retiree health benefits fund. HR 22, which the House debated Tuesday afternoon, would reduce this payment from roughly $5.4 billion to slightly more than $1 billion.
Rep. Edolphus Towns, D-N.Y., praised the bill as a necessary move to protect retirees while Congress debates the future of the Postal Service. Towns is chairman of the House Oversight and Government Reform Committee, which oversees Postal Service issues.
We owe it to our postal workers to try to find a solution to this problem.”
A vote on HR 22 is likely this afternoon after the House finishes debate on a resolution chastising Rep. Joe Wilson, R-S.C., for calling President Barack Obama a liar during Obama’s address to Congress last week.