A House-passed bill to reform the U.S. Postal Service ran into a speedbump in the Senate on Monday, likely delaying the bill until next month.
Congress would lift onerous budget requirements that have helped push the Postal Service deeply into debt and would require it to continue delivering mail six days per week under bipartisan legislation the House approved Tuesday.
The Postal Service reported a $1.5 billion net loss in Q1 2022.
The USPS will not be required by law to mandate the COVID vaccines for its employees as a result of a Supreme Court ruling.
The Postal Service is requesting a temporary waiver from President Biden’s employer vaccine mandate, warning in a letter sent to federal labor officials that mandates or weekly testing measures could impact the agency’s ability to operate.
A common proposed solution to fix the ailing finances of the Postal Service is to stop pre-funding retirees’ health benefits, but a finance professor who studies the system says this would be a bad idea.
The Postal Service raised concerns on Wednesday that the new rules requiring large employers to require vaccinations or weekly COVID-19 testing could result in “high levels of absenteeism” and affect deliveries.
Although its losses went well into the billions in 2021, the Postal Service improved its financial results over the previous fiscal year.
The Postal Service is anticipating slower operations due to implementing new operating standards that may backup mail deliveries and pickups.