Obama Deficit Plan Includes Ideas to Help Postal Service

USPS photo

The Obama administration’s plan to reduce the deficit includes ideas the White House claims will rescue the Postal Service, which is facing default.

The Postal Service would be allowed to sell non-postal products, the plan says. Saturday mail delivery would end, as postal officials have long desired to do.

The plan also would restructure a $5.5 billion annual payment to prefund retiree health benefits, a payment Postmaster General Patrick Donahoe has claimed cannot be made.

The plan refunds $6.9 billion the corporation says it overpaid into a federal retirement fund.

“The administration recognizes the enormous value of the U.S. Postal Service to the nation’s commerce and communications, as well as the urgent need for reform to ensure its future viability,” the White House document said.

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