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Tag Archives: House Oversight and Government Reform Committee

Observers Say Progress Made on Postal Service Rescue

Observers of the Postal Service and Congress believe Democrats and Republicans are treating the agency’s financial crisis with a sense of urgency and are headed toward a compromise, according to a report by The Hill. A Republican bill is advancing through the House while the Senate has a bipartisan group …

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GAO Says Pentagon Making Little Progress to be Audit Ready

The Defense Department hopes to be able to pass an audit by 2017 but has not taken effective steps to achieve that goal, according to testimony on Friday from the Government Accountability Office. Asif Khan, GAO director of financial management and assurance, told a House Oversight Committee subpanel the Pentagon …

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Congress Looking to Save Postal Service as Payments Come Due

Congress passed a continuing resolution Monday that extended a deadline to Nov. 18 for the Postal Service to pay $5.5 billion to the Treasury Department. The resolution comes as the cash-stricken agency’s debts threaten its operations. It is expected to announce record losses when its fiscal year ends Friday and expects …

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Rep. Issa Launches ‘Saving the Postal Service’ Website

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. “Saving the Postal Service” details proposed legislation from Issa and Rep. Dennis Ross (R-Fla.) they say will help save …

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Postal Service Cash Woes Threaten Fed Workers Comp Fund

The Labor Department warned Friday that a fund compensating federal employees for work-related injuries could run out of money in the last quarter of fiscal 2012 if the U.S. Postal Service fails to make its scheduled payment in October. Reuters reports the Labor Department notified Rep. Darrell Issa, chairman of …

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