Two U.S. congressmen have opened separate inquiries into whether a Treasury Department bureau may have flouted federal hiring rules.» Read More
Postal Service officials understand the operation needs cutbacks to survive and are willing to work with Congress to do whatever's necessary, Postmaster General Patrick Donahoe told CNBC.
The U.S. Postal Service needs to slash 260,000 jobs and end Saturday delivery if it is to climb out of its "financially insolvent" condition, Rep. Darrell Issa said.
The chairman of the House Oversight and Government Reform Committee told CNBC that he wants to know whether political considerations drove the government’s decision to steer a potentially multibillion-dollar contract to a company in which financier Ron Perelman's investment firm has a significant stake.