Rep. Darrell Issa (R-Calif.), chairman of the Chairman of the House Oversight and Government Reform Committee, has launched a website counting down the days until the U.S. Postal Service could default.
The Issa-Ross Postal Reform Act would allow the Postal Service, among other things, to end Saturday delivery and require postal employees to pay the same amount of health and life insurance premiums as other federal employees.
The proposal also allows the Postal Service to sell advertising space on vehicles and would establish an independent authority to cut costs every 30 days if the Postal Service cannot pay its bills.
“Only serious cost-cutting structural reforms that reduce workforce costs and rightsize infrastructure can save the Postal Service and prevent a multi-billion taxpayer funded bailout,” Issa said Aug. 5 in a statement.