{"id":26475,"date":"2019-05-25T08:09:53","date_gmt":"2019-05-25T13:09:53","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=26475"},"modified":"2019-05-25T08:09:53","modified_gmt":"2019-05-25T13:09:53","slug":"u-s-rep-tom-reed-r-ny-aims-to-shore-up-usps-funding","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2019\/05\/25\/u-s-rep-tom-reed-r-ny-aims-to-shore-up-usps-funding\/","title":{"rendered":"U.S. Rep. Tom Reed (R-NY) Aims to Shore Up USPS Funding"},"content":{"rendered":"<p><script type='text\/javascript' src='https:\/\/WICU.images.worldnow.com\/interface\/js\/WNVideo.js?rnd=118975030;hostDomain=www.erienewsnow.com;playerWidth=640;playerHeight=360;isShowIcon=true;clipId=14830682;flvUri=;partnerclipid=;adTag=News;advertisingZone=;enableAds=true;landingPage=;islandingPageoverride=;playerType=STANDARD_EMBEDDEDscript;controlsType=fixed'><\/script><\/p>\n<div style=\"box-sizing: border-box; color: #313131; font-family: Averta, Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\">\n<div class=\"Article-paragraph\">\n<p><b>WASHINGTON, D.C. &#8211;\u00a0<\/b>The United States Postal Service lost nearly $4 billion in 2018. But a new plan from U.S. Rep. Tom Reed would help to curb those losses. However, it\u2019s unclear if the Postal Service is on-board with the idea.<\/p>\n<\/div>\n<\/div>\n<div style=\"box-sizing: border-box; color: #313131; font-family: Averta, Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\">\n<div class=\"Article-paragraph\">Reed\u2019s plan would end the pre-funding mandate for retiree and other personnel costs, a driving factor for the Postal Service financial troubles.<\/div>\n<\/div>\n<div style=\"box-sizing: border-box; color: #313131; font-family: Averta, Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\">\n<div><\/div>\n<div class=\"Article-paragraph\">In all, USPS\u00a0was $3.9 billion\u00a0<a href=\"https:\/\/about.usps.com\/news\/national-releases\/2018\/pr18_093.htm\" data-cke-saved-href=\"https:\/\/about.usps.com\/news\/national-releases\/2018\/pr18_093.htm\">in the red<\/a>\u00a0during fiscal year 2018, according to their annual report. That has caused about 90 percent of those losses since 2007, Reed\u2019s office said.<\/div>\n<\/div>\n<div style=\"box-sizing: border-box; color: #313131; font-family: Averta, Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\">\n<div><\/div>\n<div class=\"Article-paragraph\">The Postal Service is\u00a0the only federal agency required to pre-fund decades worth of health benefits for its future retirees. It\u2019s a designation Reed and the bill\u2019s Democratic co-sponsors call unfair. All of this comes as the Postal Service saw a boost in revenue in 2018, according to their annual fiscal report. More at <a href=\"https:\/\/www.erienewsnow.com\/story\/40530225\/reed-aims-to-shore-up-usps-funding\">Erie News Now<\/a><\/div>\n<\/div>\n<div><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-26478\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2019\/05\/U.S.-Representative-Tom-Reed-300x212.jpg\" alt=\"\" width=\"300\" height=\"212\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2019\/05\/U.S.-Representative-Tom-Reed-300x212.jpg 300w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2019\/05\/U.S.-Representative-Tom-Reed.jpg 547w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, D.C. &#8211;\u00a0The United States Postal Service lost nearly $4 billion in 2018. But a new plan from U.S. Rep. Tom Reed would help to curb those losses. However, it\u2019s unclear if the Postal Service is on-board with the idea. Reed\u2019s plan would end the pre-funding mandate for retiree and other personnel costs, a driving [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26478,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"class_list":["post-26475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-video-gallery","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/26475","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=26475"}],"version-history":[{"count":3,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/26475\/revisions"}],"predecessor-version":[{"id":26479,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/26475\/revisions\/26479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/26478"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=26475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=26475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=26475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}