News & information

Money-Losing Post Office Said to Be Highway Fund Source

  ·  Angela Greiling Keane and Derek Wallbank, Bloomberg Businessweek   ·   Link to Article
Money-Losing Post Office Said to Be Highway Fund Source

NALC President Fredric Rolando was quoted in a May 28 story for the Bloomberg news service about Congress’ “bizarre” plan to raid the Postal Service to shore up the financially troubled Highway Trust Fund. The story noted that most of USPS’ red ink stems from pre-funding, mandated by the very Congress now proposing to take more money from USPS—which helps to reinforce the image of Congress as ever so slightly dysfunctional, while perhaps also sparking some empathy for a USPS being potentially targeted this way.