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Ceasefire Under Pressure: Iran Tensions, USPS Cash Crisis, Artemis II Nears Splashdown
world1 day ago

Ceasefire Under Pressure: Iran Tensions, USPS Cash Crisis, Artemis II Nears Splashdown

The U.S.-Iran ceasefire remains fragile as Tehran denies violations and Trump questions the Strait of Hormuz reopening, with ongoing drone attacks and Lebanon-Israel tensions complicating peace talks in Pakistan. Survivors dispute the Pentagon’s account of the Kuwait attack that killed six U.S. soldiers, while a separate immigration ruling advances Mahmoud Khalil’s removal. Back home, USPS declares a severe cash crunch, suspends employer pension contributions to save about $2.5 billion, and weighs delivery cuts and stamp hikes. Additional headlines include Melania Trump denying ties to Jeffrey Epstein and NASA’s Artemis II nearing its Pacific splashdown.

via Straight Arrow News - SAN|
#artemis-ii#ceasefire#epstein
policy1 day ago

USPS Hikes Stamp Price, Halts Pension Contributions to Shore Up Cash

The U.S. Postal Service will temporarily suspend employer contributions to federal retirement annuities to preserve cash while seeking regulatory approval for higher postage rates, including raising the First-Class Forever stamp from 78¢ to 82¢; regulators granted a temporary waiver to redirect funds for retiree benefits, as USPS warns of a cash shortfall by 2027, with retirees not affected immediately and Congress criticized for inaction on a longer-term fix.

via Politico|
#forever-stamp#liquidity#pension
USPS pauses pension payments to ease cash squeeze amid looming liquidity risk
business1 day ago

USPS pauses pension payments to ease cash squeeze amid looming liquidity risk

USPS says it will temporarily suspend payments to the Federal Employees Retirement System pension plan to free up about $2.5 billion this fiscal year as it faces a liquidity crunch that could leave the agency cash-poor by early 2027; officials say there will be no immediate impact on current workers or retirees, and Thrift Savings Plan contributions aren’t affected, but the move isn’t a fix and Congress must act to increase funding to restore profitability.

via Business Insider|
#business#cash-flow#funding
NALC Urges Congressional Action as USPS Pauses FERS Contributions
labor1 day ago

NALC Urges Congressional Action as USPS Pauses FERS Contributions

The Postal Service will temporarily pause employer contributions to the defined-benefit portion of the Federal Employees Retirement System (FERS) through the end of the fiscal year due to financial constraints, with no immediate impact on current or future retirees. NALC blames Congress for inaction and urges policy changes—such as a new USPS retirement-investment strategy, a fair recalculation of Civil Service Retirement System obligations, and higher borrowing authority—to prevent future pauses and protect jobs, retirements, and reliable service.

via National Association of Letter Carriers|
#congress#fers#labor
Postal Service Hikes First-Class Stamp to 82 Cents Amid Cash Crunch
business1 day ago

Postal Service Hikes First-Class Stamp to 82 Cents Amid Cash Crunch

The U.S. Postal Service proposed across-the-board price hikes, including raising First-Class Forever stamps from 78 to 82 cents (effective July 12) and a 4.8% overall increase if approved, as USPS warns of a severe financial crisis and cash exhaustion by February 2027; the plan also includes an 8% fuel surcharge for package/express deliveries and measures like suspending employer contributions to Federal Employees Retirement System annuities to maintain operations, with declining mail volume driving the strain.

via CNBC|
#business#financial-crisis#first-class-mail
USPS halts employer pension contributions to conserve cash amid looming liquidity crisis
business2 days ago

USPS halts employer pension contributions to conserve cash amid looming liquidity crisis

The U.S. Postal Service is suspending its employer contributions to the Federal Employees Retirement System to conserve cash as it warns of a looming liquidity crisis; employee contributions to the pension and the Thrift Savings Plan will continue, and the move could save about $2.5 billion this year, even as officials consider measures like higher stamp prices or a reduced delivery schedule to avert insolvency.

via CBS News|
#business#cash-crisis#fers
government2 days ago

USPS Halts FERS Employer Contributions to Shore Up Cash Reserves

The U.S. Postal Service announced a cash-conservation plan that temporarily suspends employer contributions to the defined-benefit portion of the Federal Employees Retirement System starting April 10, to preserve liquidity amid a severe financial crisis. The move frees about $2.5 billion in the current fiscal year; employee contributions to FERS and employer automatic/matching contributions to the Thrift Savings Plan, as well as employee contributions to the TSP, will continue. CFO Luke Grossmann says there will be no immediate harm to current or future retirees, and notes that FERS remains better funded than many other agencies. The USPS pays roughly $200 million biweekly to OPM for the FERS annuity, with more details in the FERS action FAQ.

via USPS|
#cash-conservation#fers#government
USPS Implements Temporary 8% Increase on Key Shipping Prices
national-news15 days ago

USPS Implements Temporary 8% Increase on Key Shipping Prices

The U.S. Postal Service filed a time-limited, 8% price increase with the Postal Regulatory Commission that will raise base rates for Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select. The change takes effect April 26 and remains in place through January 17, 2027, aimed at better aligning transportation costs with market conditions while preserving the universal service obligation. First-Class stamps are not affected, and the PRC will review the filing before it goes into effect; USPS notes the increase is still lower than many competitors’ fuel surcharges.

via USPS|
#competitive-products#national-news#prc
USPS Imposes 8% Fuel Surcharge on Packages Through Jan 17, 2027
business16 days ago

USPS Imposes 8% Fuel Surcharge on Packages Through Jan 17, 2027

The U.S. Postal Service will add its first-ever 8% fuel surcharge on Priority Mail Express, Priority Mail, USPS Ground Advantage and Parcel Select packages, effective 26 April 2026 and lasting until Jan 17, 2027, to offset rising energy costs. USPS says the surcharge is lower than what competitors charge and that it will still offer value, but the postmaster general warns the agency could run out of funds within a year unless Congress expands its borrowing authority.

via The Guardian|
#business#energy-costs#fuel-surcharge
USPS seeks temporary 8% surcharge on parcel deliveries to cover rising fuel costs
business16 days ago

USPS seeks temporary 8% surcharge on parcel deliveries to cover rising fuel costs

The U.S. Postal Service is asking the Postal Regulatory Commission to approve an 8% temporary fuel surcharge on Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select to cover rising transport costs from higher oil prices linked to the Iran conflict; if approved, it would take effect April 26 and run through January 17, 2027, with First-Class stamps unaffected, and USPS notes the charge would be less than a third of what rivals charge.

via CNBC|
#business#fuel-surcharge#oil-prices
USPS Faces Cash Crunch: A One-Year Countdown Without Congressional Aid
business23 days ago

USPS Faces Cash Crunch: A One-Year Countdown Without Congressional Aid

USPS Chief David Steiner warned lawmakers that without Congress raising borrowing authority or allowing higher stamp prices, the agency could run out of cash within about a year amid a long-term decline in mail volume and a potential loss of Amazon shipping volume. The agency has not posted a profit since 2006, recorded a $9 billion loss last year, and carries a $15 billion debt limit while continuing six-day universal delivery.

via Business Insider|
#amazon#business#cash-flow