Student loan write-offs hit $3 billion in first two months of year
WASHINGTON (Reuters) - Banks wrote off $3 billion of student loan debt in the first two months of 2013, up more than 36 percent from the year-ago period, as many...
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Congress to force Postal Service to keep Saturday delivery
WASHINGTON (Reuters) - Congress foiled the financially beleaguered U.S. Postal Service's plan to end Saturday delivery of first-class mail when it passed legislation on Thursday requiring six-day delivery. The Postal...
Federal worker unions seek flexibility on furloughs
WASHINGTON (Reuters) - Labor unions are bargaining with federal government agencies in an attempt to soften the financial blow on federal employees as $85 billion in spending cuts kick in....
Postal Service faces fight over ending Saturday mail
WASHINGTON (Reuters) - Trade groups representing greeting card makers, paper manufacturers and newspapers are fighting to prevent the cash-strapped Postal Service from dropping first-class mail delivery on Saturdays. The groups...
CFPB wants to make private student loan repayment affordable
WASHINGTON (Reuters) - The U.S. consumer watchdog said on Thursday that it is seeking suggestions on how to develop a policy plan that would help borrowers of private student loans...
Desperate Postal Service tries to find its “cool” factor
WASHINGTON (Reuters) - The U.S. Postal Service, desperate and almost broke, is looking to the wallets of younger Americans for some relief. The federal government's mail transport and delivery agency...
Desperate Postal Service tries to find its “cool” factor
WASHINGTON (Reuters) - The U.S. Postal Service, desperate and almost broke, is looking to the wallets of younger Americans for some relief. The federal government's mail transport and delivery agency...
Postmaster General begs Congress for flexibility in cost cuts
WASHINGTON (Reuters) - Postmaster General Patrick Donahoe pleaded with lawmakers on Wednesday not to block the financially strapped Postal Service from moving ahead with plans to end Saturday first-class mail...
Postmaster General begs Congress for flexibility in cost cuts
WASHINGTON (Reuters) - Postmaster General Patrick Donahoe pleaded with lawmakers on Wednesday not to block the financially strapped Postal Service from moving ahead with plans to end Saturday first-class mail...
Postal Service loss narrows to $1.3 billion in October-December
WASHINGTON (Reuters) - The Postal Service cut its losses by more than half in its first quarter as mail tied to the November elections, and stronger revenue from holiday-related packages...