Obama Budget

Feb 14th

White House Budget Outlines Repayment To USPS For FERS Overcharges..But

The White House released the 2012 budget today.  In the budget it proposes to reimburse USPS for $6.9 billion in overcharges for FERS retirees. But the repayment is spread over 30 years, including $550 million in 2011. Here is the summary from the White House 2012 Budget outlining provisions for USPS: The Administration recognizes the enormous […]

Feb 3rd

Obama Budget to address “major financial concerns” of USPS

President Obama is set to present a special Valentine’s Day gift to the US Postal Service this year, in the form of assistance in his latest Budget. The struggling USPS needs to address financial problems that saw it posting an $8.5 billion loss last year, with commentators predicting a $6.5 billion loss this year – […]