The Washington Post is reporting that the U.S. Postal Service is delaying the scheduled closure of some of its postal outlets. The USPS, which lost $8.5 billion last year, originally sought the elimination of 3,200 of its 36,000 outlets. However, following an outcry from members of Congress whose districts would be affected by the closures, the number under consideration was reduced to a paltry 162.
An article in the Washington Post provides another example of how the Washington metro area has become virtually recession-proof:
As a former advisor to one of Congress’s most ardent foes of earmarking, Sen. Tom Coburn (R-OK), I’ve served time on the front-lines of the battle to end the corruptive practice. Yet, I never felt quite comfortable about the mission. At the same time I was assisting the senator in his floor battles against the likes of ex-Sen. Ted Stevens (Porker-AK), some of my other colleagues had been instructed to help Oklahomans get “their fair share” of subsidies from various federal grant programs.
That’s the question posed by the Orlando Sentinel’s Robert Block in an article comparing NASA with SpaceX, which is a private space transport company:
Bloomberg is reporting more bad news for the nation’s air traffic control system, which is run by the Federal Aviation Administration. The FAA is $500 million overbudget and six years behind schedule on a $2.1 billion technology upgrade project.
Former President George W. Bush’s book Decision Points is apparently selling quite well. The book includes a defense of the president’s fiscal record, and a table on page 447 compares Bush to prior presidents on spending and debt (you can see the table on Amazon’s search inside feature).
Who said: “A government bureau is the nearest thing to eternal life we’ll ever see on this earth.”?
The media is reporting on a new study that finds long-term benefits to kids of breastfeeding.
Taxpayers received a rare, albeit small and temporary, victory late last week when Senate Democrats were forced to shelve a pork-laden omnibus bill after establishment Republicans withdrew their support. Instead, Congress will now pass a continuing resolution to fund the government at current levels until the new Congress is seated in January.
Japan has announced that it will cut its corporate tax rate by five percentage points. Japan and the United States had been the global laggards on corporate tax reform, so this leaves America with the highest corporate rate among the 34 wealthy nations of the Organization for Economic Cooperation and Development.