Senate plan would save the Postal Service


November 2, 2011 at 2:24p.m.

Senate plan would save the Postal Service

WASHINGTON (AP) — Senators announced a bipartisan plan Wednesday to help keep the financially ailing Postal Service solvent and continue six-day mail delivery for at least two more years.

The proposal would lift the agency “from the brink of bankruptcy,” said Sen. Joe Lieberman, chairman of the Senate Homeland and Governmental Affairs Committee.

The Postal Service lost $8 billion last year and could report even larger losses when its 2011 budget year report comes out in mid-November.

Read the complete story in Thursday’s Vindicator or Vindy.com.