$4bn USPS bill passed
Legislation has been passed by the US House of Representatives on 25 September that slashes the amount of money the USPS is required to pay into its retirement account this year by $4bn. The bill was passed by a vote of 217 to 190, with the senate expected to address the matter on 29 September. A safe passage would cut the required payment from $5.4bn to $1.4bn. That payment is due on 30 September.
USPS has looked for help from the government since announcing a $2.4bn loss last quarter.
