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Is This The Year Congress Finally Eliminates The USPS’ Multi-Billion Dollar ‘Pre-Funding’ Debt?

A mail carrier walks through snow in New York, on February 18, 2021. - A historic winter weather system that brought bitter, record-busting cold to much of the southern and central US was pushing up the East Coast on... A mail carrier walks through snow in New York, on February 18, 2021. - A historic winter weather system that brought bitter, record-busting cold to much of the southern and central US was pushing up the East Coast on Thursday, with forecasters warning of heavy snowfall and dangerous, icy buildups. The frigid blast has over the past week seen Arctic cold envelope the US heartland unfamiliar with such extremes, leaving dozens of dead in its wake and millions of people in oil-rich Texas without power. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) MORE LESS

February 25, 2021 6:03 p.m.

There was plenty of drama in yesterday’s House Oversight Committee hearing featuring Postmaster General Louis DeJoy: Bad blood over the 2020 election and attacks on mail-in voting, DeJoy’s stubborn insistence that he would serve “a long time” despite pitiful delivery times of late, and the breaking news, in the middle of the hearing, that President Biden would fill three vacancies on the USPS Board of Governors — potentially shaking up the balance of power on the board.

But what hasn’t gotten nearly as much attention was the subject of the hearing — draft legislation that would lift a 15-year-old weight off of the Postal Service’s shoulders.

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