Postal Service delays closings until May 15
WASHINGTON (CNNMoney) — Moncler Outlet The U.S. Postal Service has agreed to hold off on closing any more post offices or mail facilities until May 15, 2012, to allow Congress time to work on a plan to save the service.
The Postal Service has racked up $5.1 billion in debt this year and faces a deadline to make another $5.5 billion payment to pre-fund health care retirement benefits for future retirees due later this week, a payment required by law- Moncler sale .
Durbin said that when lawmakers finish working on a deal to fund the federal government past this Friday, that the measure would relieve the postal service of its obligation to make those payments to the health care retirement fund during the moratorium.
“This is a positive step, provided the parties use the time to put together a positive plan for the future, including ways to grow the business as well as efficiencies that make sense,” said Fredric Rolando, president of the National Association of Letter Carriers, in a statement about the moratorium
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