U.S. Postal Service Tackles Budget Problems

7 years 8 months 1 week ago Tuesday, September 06 2011 Sep 6, 2011 Tuesday, September 06, 2011 12:13:00 PM CDT September 06, 2011 in News
By: Jessica Smith
loading

COLUMBIA - The United States Postal Service is edging closer to the end of its fiscal year, on September 30, 2011. The agency faces a $5.5 billion bill due at the end of the month. If Congress does not intervene, the postal service will default and potentially shutdown this winter.

Thomas R. Carper, chairman of the Senate subcommittee that oversees the postal service told the New York Times, "If we do nothing, if we don't react in a smart, appropriate way, the postal service could literally close later this year. That's not the kind of development we need to inject into a weak, uneven economic recovery." 

Valerie Welsch, spokesperson for the postal service's St. Louis District, told KOMU 8 that the agency is reviewing 153 local offices in Missouri to potentially close. Officials do not plan on closing any Missouri offices before December.

Welsch also told KOMU 8 there has been a 20 percent decrease in first-class mail volume during the past five years in Missouri. The increase in online users weighs heavily on an agency that gets no taxpayer funding. The postal services only generates income through services and products.

Welsch said she does not see the postal service shutting down, but it does need Congress to step in and intervene. The postal service is asking Congress for a refund of overpayments to the employee retirement fund, to stop Saturday deliveries, and give the postal service more flexibility to remain competitive.

President of Midway Electric in Columbia, Michele Spry, said the business completes 75 percent of its transactions through the post office. Spry said many of her clients do not have email or Internet access. If the post office shutdown, Spry would have to dramatically alter her business.

" I mail out all of our invoicing, I use it to send thank you cards, greeting cards, and birthday cards," said Spry.

Some business owners also worry eliminating the postal service could hurt relationships with their customers.

"When you open your mailbox and you have a handwritten note, it's a different feel than just an email," said Spry.

 

Post Office Budget Plan

 

 

More News

Grid
List
COLUMBIA - Strong storms pummeled mid-Missouri Saturday evening, leaving lots of damage in their wake. A Facebook User sent... More >>
8 hours ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 8:54:00 PM CDT May 18, 2019 in News
KINGDOM CITY - High winds blew a tractor-trailer off the road at the intersection of Highway 54 and I-70 Saturday... More >>
9 hours ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 7:48:00 PM CDT May 18, 2019 in News
COLUMBIA - People who suffer from chronic pain can now turn to alternative treatments besides opioids. Dr. Amanda Alcamo... More >>
10 hours ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 7:00:00 PM CDT May 18, 2019 in News
COLUMBIA - Thousands of customers throughout mid-Missouri lost power Saturday, according to the Association of Missouri Electric Cooperatives. The... More >>
11 hours ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 5:53:00 PM CDT May 18, 2019 in News
COLUMBIA - The Missouri Abortion Bill has passed in the House and Senate.  Saturday, mid-Missourians gathered outside of Columbia... More >>
15 hours ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 2:18:00 PM CDT May 18, 2019 in News
ST. LOUIS - The St. Louis Blues rebounded from a tough Game 3 loss and took Game 4 of the... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 10:45:00 PM CDT May 17, 2019 in Sports
MONITEAU COUNTY - Three people are in custody after they reportedly tried to run away from law enforcement Friday. ... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 9:02:00 PM CDT May 17, 2019 in News
COLUMBIA - Mizzou Athletics announced the team spaces and offices in it's new south end zone facility will be completed... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 5:53:00 PM CDT May 17, 2019 in News
MOBERLY - A day shy of his 95th birthday, a World War II veteran had the early birthday surprise of... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 3:12:00 PM CDT May 17, 2019 in News
JEFFERSON CITY - Some Missouri lawmakers say they haven't given up on a bipartisan bill designed to change Missouri’s criminal... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 3:00:00 PM CDT May 17, 2019 in News
VERSAILLES - Graduation at Morgan County R-II High School is Saturday, but not all of the senior class will be... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 1:39:00 PM CDT May 17, 2019 in News
COLUMBIA - The Blind Boone Home (10 N Fourth Street) will commemorate John William "Blind" Boone's 155th birthday on Saturday,... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 12:39:00 PM CDT May 17, 2019 in News
IONA - The Benton County Sheriff's Office arrested a man suspected of shooting and killing an Iona woman. Around... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 12:10:00 PM CDT May 17, 2019 in News
JEFFERSON CITY, Mo. (AP) — Missouri lawmakers have passed legislation limiting the number of young children at in-home child-care providers.... More >>
1 day ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 10:33:00 AM CDT May 17, 2019 in News
COLUMBIA- Two MU students held a practice barista competition today at the Memorial Union location on the campus. The practice... More >>
2 days ago Thursday, May 16 2019 May 16, 2019 Thursday, May 16, 2019 7:30:00 PM CDT May 16, 2019 in News
JEFFERSON CITY - In order to prevent the use of eminent domain to build the Grain Belt Express transmission line,... More >>
2 days ago Thursday, May 16 2019 May 16, 2019 Thursday, May 16, 2019 6:11:00 PM CDT May 16, 2019 in News
JEFFERSON CITY - A section in House Bill 126 , which would ban abortions after eight weeks, provides an incentive... More >>
2 days ago Thursday, May 16 2019 May 16, 2019 Thursday, May 16, 2019 5:49:00 PM CDT May 16, 2019 in News
COLUMBIA - An affidavit filed in a drug trafficking case is providing new details on the 2017 death of Augustus... More >>
2 days ago Thursday, May 16 2019 May 16, 2019 Thursday, May 16, 2019 5:38:00 PM CDT May 16, 2019 in News
Columbia, MO
Broken Clouds 62°
6am 64°
7am 63°
8am 63°
9am 64°