Legislation approved by Congress and the President to keep the government operating under its current budget authority through November 18 also includes a provision delaying for six weeks the Postal Service’s $5.5 billion payment to the Retiree Health Benefits Trust Fund.
The original deadline for the payment was September 30, the end of Fiscal Year 2011.
The extension prevented the Postal Service from defaulting on the payment in FY 2011. However, USPS leadership continues to support passage of comprehensive, long-term legislation to provide a more flexible business model for the Postal Service with the ability to respond to a changing marketplace and customers’ evolving mailing and shipping needs.
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