It turns out, there are things happening in Washington other than investigations into Russia, healthcare reform and President Donald Trump’s tweets. An under-the-radar Postal Service reform bill would save the country $6.2 billion over the next decade, according to the Congressional Budget Office.

The bill would allow the USPS to raise prices on certain mail categories and phase out direct-to-business mail delivery. In addition, it would establish a new health benefits program for USPS employees.

The Bill’s Uphill Battle

While budget-minded Americans and USPS employees are eagerly-anticipating the changes, the changes may take a while to go into effect, Height Securities analyst Edwin Groshans said. The reason the bill hasn’t gotten much media coverage is because it’s not a top priority at the moment in Washington.

“The impending retirement of House Oversight and Government Reform Committee Chairman Jason Chaffetz (R–UT), the bill’s lead sponsor, and other legislative priorities that Congress must tackle (healthcare reform, tax reform, infrastructure, debt ceiling to name a few), presents an uphill battle for postal reform to make its way onto the crowded legislative agenda in the near future,” Groshan’s wrote this week. He predicts the postal reform bill won’t be approved before the end of 2017.

The USPS has generated negative taxpayer income for 10 consecutive years, losing $62 billion total in that time.

“A longstanding decline in mail volume coupled with an increase in costs associated with salaries and benefits are driving losses for USPS,” Height’s Shrey Verma wrote…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!