Wednesday, May 25, 2011

The USPS Has a Shut Down Date

Twitterer, nonprofitpostal tweeted today that Joe Corbett, USPS CFO, stated that "assuming no legislation, and no worse news, the USPS starts shutting down July 2012 when it runs out of operating cash."

This makes for a rather interesting political problem for Congress.   If Congress doesn't act, the Postal Service would shut down just before the Republican National Convention.   This timetable almost guarantees that if nothing is done the future of the Postal Service could become a hot topic for Republican candidates during later primaries, and talk radio, cable news, and the blogosphere during what could be relatively slow political news cycle in the weeks prior to the convention.

1 comment:

Anonymous said...

Sounds like JOE will be looking for a JOB !