News Column

Issa Statement on USPS $1.9 Billion Second Quarter Loss

May 9, 2014

WASHINGTON - Today, House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., issued the following statement on the U.S. Postal Service's announcement that they posted a net-loss of $1.9 billion this quarter:

"The latest quarter of staggering losses for the U.S. Postal Service drives home the agency's dire financial situation. Both President Obama and myself support a series of cost-cutting reforms, but House Democrats continue to oppose all real reform efforts, including those supported by the President. I urge my Democratic colleagues to join President Obama and myself in supporting cost-cutting reforms that will finally restore the Postal Service to solvency."

On Wednesday, May 7th, Issa sent a letter to Committee Democrats urging them to support the postal reform provisions laid out in President Obama's budget for FY2015. In a letter dated April 28th, the Postal Service made clear that they support reforms proposed in the President's budget. Issa postponed a scheduled Committee markup on Wednesday due to a lack of Democratic support.

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Source: Congressional Documents & Publications

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