House Government Reform Committee chairman Burton (R-IN) will hold a second hearing into the financial woes of the U.S. Postal Service on May 16 in Washington, DC.
The committee, which is pursuing postal reform, will hear from various postal stakeholders including representatives of postal employees, a wide range of mailers, the president of the American Association of Publishers, representatives from all four unions that represent the postal service, rural letter carriers, a representative of the National Association of Mail Handlers and others.
The postal service has said that it will lose $2 to $3 billion this year with loses as high as $3.5 billion next year. Last year it predicted a surplus of $150 million. The organization is $12 billion in debt, fast approaching its debt ceiling of $15 billion, Burton said at the Government Affairs Conference held earlier this month.
The committee held its first hearing April 4.
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