Senators reach bipartisan deal to overhaul USPS finances, tighten accountability requirements

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An identical version of the legislation is advancing in the House, where it is said to have enough support to pass

A bipartisan group of senators introduced legislation Wednesday to lift significant financial burdens off the ailing U.S. Postal Service while tightening accountability requirements for mail delivery, a major stride for an agency that has tussled with its balance sheet and reputation for the better part of a year.

The bill, identical to a version that has advanced in the House, would repeal $5 billion a year in mandatory retiree health-care expenses and require future postal retirees to enroll in Medicare. Advocates say the measures would save the agency $30 billion over the next decade.

The bill would also see the Postal Service develop a public online mail delivery performance dashboard where customers could view the agency’s on-time delivery metrics by Zip code each week. Continue reading.