U.S. House approves $50 billion relief bill for Postal Service

WASHINGTON, Feb 8 (Reuters) – The U.S. House of Representatives overwhelmingly approved a bill on Tuesday to provide the Postal Service (USPS) with about $50 billion in financial relief over a decade and requiring future retirees to enroll in a government health insurance plan.

The House voted 342-92 for what House Oversight Committee chair Carolyn Maloney said would “preserve and strengthen the Postal Service for future generations.”

Senate Majority Leader Chuck Schumer said he plans to ask the Senate to approve the bill by Feb. 18. “This postal reform legislation has been over a decade in the making,” Schumer said.USPS has […]

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By Donato