Fox News
Expand
Browse All Video
Watch Live

You're watching...

Senate holds hearing on crisis facing US Postal Service

Details

  • Description

    Steve Centanni reports from Washington, D.C.

  • Duration 1:52
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

A new effort to save the US post office right now a senate panel holding a meeting to address the agency's fiscal crisis it is billions of dollars in the hole.

National correspondent Steve Centanni and that in Washington what solutions or will we hear today do we believe Steve.

Well the post office bill would like to get out from under a 2006 law passed by congress -- requires a five billion dollar annual payment for future health benefits for retirees.

The postal officials say that would go a long way toward building financial solvency for an agency that last year lost sixteen billion dollars.

And last week announced plans to stop delivering first class letters on Saturdays although package delivery would continue.

That move to cut some Saturday delivery was controversial because it's unclear.

Whether congressional approval would be required first congressman Darrell ice that was a witness this morning and he's supported the move listen.

I believe the post masters correct but he has the authority consistent with the law.

In that he is maintaining a service but the law and never intended him to do it at a loss.

The move to cut Saturday delivery would save the post office about two billion dollars a year bill what do they say about -- the postal workers about Saturday delivered -- Well they don't like -- because disasters and say this it could especially -- the elderly the disabled.

And those living in rural areas who may not have computers or Internet service and rely heavily on the post office where business and communication so that hearing underway now -- Capitol Hill one.

Chairman or our president of a postal union will be among those who testifies today.

One idea proposed by -- -- was more cluster boxes and residential areas so that would reduce the time that postal workers.

Have to be on the road delivering the mail so a lot of ideas being kicked around -- -- people see where they come up with got to come up -- -- -- Steve Centanni is on that.

In Washington.

Load More