The White House is planning to propose to help the Postal Service, which is at risk of a shutdown next year, by giving it an extra three months to make a $5.5 billion payment due September 30. The White House would follow this move with a plan to help USPS get its finances in better shape. The White House has not said whether it will endorse a move to claw back $50 billion that the Postal Service overpaid into a federal pension plan—a move that would alleviate much of its pain. USPS is considering cutting Saturday delivery, closing 3,700 post offices, and laying off 120,000 workers.
Read it at The New York Times
