The debt ceiling and letter carriers

From the National Association of Letter Carriers:

 On Monday night, the House of Representatives approved a deal brokered by congressional leaders with White House negotiators to keep America from defaulting on its credit obligations. The agreement authorizes a two-stage, $2.1 trillion rise to the nation’s debt ceiling that’s balanced with about $2.5 trillion in spending cuts spread over the next decade. Postal employees’ pensions and health benefits are fortunately off-limits in this first round of cuts in discretionary spending, though we will have to defend the continuation of six-day delivery during the appropriations process. But a second round of cuts could expose our fringe benefits to reductions, depending on the outcome of negotiations within a bipartisan, House-Senate select committee—the so-called ‘Super Congress.’ The Senate approved the legislation Tuesday, and the president is expected to sign it soon.”

NALC | The National Association of Letter Carriers, AFL-CIO

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