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President Young testified $2.8 billion is the amount of money lost last year due to falling mail volumes to the House Postal subcommittee. In an attempt not to cut jobs and drop a delivery day the two biggest postal unions asked law makers to let them use a 'technical legal fix involving present funding for future retirees’ health care'.

The following is from an Associated Press article:“NALC strongly supports the policy of pre-funding future retiree health benefits. Those benefits are our benefits. They are benefits Letter Carriers and other postal employees are relying on to be there in the future – they are benefits that we have all worked very hard to earn. But we are seeking to adopt a more reasonable and affordable schedule of pre-funding,” Young added.

Young emphasized that unlike the banks, USPS and its workers are “not looking for a bailout. No taxpayer funds will be required by the bill. The USPS is seeking to use its own money to survive a cash crunch resulting from the economic crisis” that the bank collapse caused for the entire country."

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