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Senators reach bipartisan deal to overhaul USPS finances, tighten accountability requirements

An identical version of the legislation is advancing in the House, where it is said to have enough support to pass

A bipartisan group of senators introduced legislation Wednesday to lift significant financial burdens off the ailing U.S. Postal Service while tightening accountability requirements for mail delivery, a major stride for an agency that has tussled with its balance sheet and reputation for the better part of a year.

The bill, identical to a version that has advanced in the House, would repeal $5 billion a year in mandatory retiree health-care expenses and require future postal retirees to enroll in Medicare. Advocates say the measures would save the agency $30 billion over the next decade.

The bill would also see the Postal Service develop a public online mail delivery performance dashboard where customers could view the agency’s on-time delivery metrics by Zip code each week. Continue reading.

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