Postal Service may get fiscal fix

The Senate is likely to pass a major financial overhaul of the U.S. Postal Service, relieving it of tens of billions of dollars in liabilities that agency leaders said prevented it from modernizing and providing efficient service.

The bill, which passed 342 to 92 in the House on Tuesday, marks a breakthrough for Postmaster General Louis DeJoy, who made the legislation the centerpiece of his 10-year restructuring plan.

The Postal Service has implored Congress to help fix its balance sheet for nearly 15 years, and agency leaders are optimistic about prospects for the Postal Service Reform Act in the Senate. It has 27 co-sponsors in the Senate, including 14 Republicans, sufficient to defeat a potential filibuster.

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