{"id":2269,"date":"2011-05-25T21:50:23","date_gmt":"2011-05-26T02:50:23","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=2269"},"modified":"2011-05-25T21:50:23","modified_gmt":"2011-05-26T02:50:23","slug":"could-usps-shut-down-july-2012","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2011\/05\/25\/could-usps-shut-down-july-2012\/","title":{"rendered":"Could USPS Shut Down July 2012?"},"content":{"rendered":"<p><a class=\"highslide\" onclick=\"return vz.expand(this)\" href=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2011\/05\/USPS-Closing.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-thumbnail wp-image-2270\" title=\"USPS Closing\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2011\/05\/USPS-Closing-150x150.gif\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>Could USPS close its&#8217; doors for good in July 2012? If you read the Tweeter talk you just may believe this to be true.<\/p>\n<p><a href=\"http:\/\/courierexpressandpostal.blogspot.com\/2011\/05\/usps-has-shut-down-date.html\" target=\"_blank\">Courier, Express, and Postal Observer<\/a> tells us &#8230;<\/p>\n<p style=\"padding-left: 30px;\"><em>&#8220;The <a href=\"http:\/\/blogs.wsj.com\/marketbeat\/2011\/05\/25\/here-comes-another-gdp-downgrade\/\" target=\"_blank\">Wall Street Journal<\/a> has reported that a number of private sector economic forecasters are toning down their economic forecast for the rest of 2011. Slower economic growth is not good for the USPS as it means less revenue across all mail classes. Slower economic growth is one of the factors that CFO <a href=\"http:\/\/courierexpressandpostal.blogspot.com\/2011\/05\/usps-has-shut-down-date.html\" target=\"_blank\">Joe Corbett<\/a> noted which could cause a July 2012 shut down date to happen sooner when he spoke at MTAC today.&#8221;<\/em><\/p>\n<p>Check out these tweets:<\/p>\n<p style=\"padding-left: 30px;\"><em>Assuming no legislation, &amp; no worse news, the USPS starts shutting down July 2012 when it runs out of operating cash. (heard at MTAC) (nonprofitpostal)<\/em><\/p>\n<p style=\"padding-left: 30px;\"><em>Joe Corbett, USPS CFO says $15B debt limit will be reached Oct 15 when a wkr\u2019s comp pmt is due. (at MTAC) @<a href=\"http:\/\/twitter.com\/#!\/RepDennisRoss\" target=\"_blank\">RepDennisRoss<\/a>#nonprofitpostal<\/em><\/p>\n<p style=\"padding-left: 30px;\"><em>USPS CFO (at MTAC) says USPS will lose $8.3B in 2011, compared to original projections of $6.4B. Says that legislative reform is needed. <a href=\"http:\/\/twitter.com\/#!\/PostCom2\/status\/73436625052508160\" target=\"_blank\">Postcom2<\/a><\/em><\/p>\n<p style=\"padding-left: 30px;\">\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Could USPS close its&#8217; doors for good in July 2012? If you read the Tweeter talk you just may believe this to be true. Courier, Express, and Postal Observer tells us &#8230; &#8220;The Wall Street Journal has reported that a number of private sector economic forecasters are toning down their economic forecast for the rest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2269","post","type-post","status-publish","format-standard","hentry","category-breaking","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/2269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=2269"}],"version-history":[{"count":2,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/2269\/revisions"}],"predecessor-version":[{"id":2272,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/2269\/revisions\/2272"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=2269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=2269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=2269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}