The Postal Service on Friday estimated that a $10 billion loan guaranteed under the CARES Act would give the agency enough cash to operate through May 2021. That loan buys the agency more time to work with Congress on a long-term legislative fix to its struggling business model. The House, meanwhile, already passed a...
House Democratic leaders have resolved to push for $25 billion in funding for the U.S. Postal Service in the next coronavirus relief bill, Oversight Chairwoman Carolyn B. Maloney said Tuesday. “I do have a commitment … of $25 billion to keep the postal office running, which is under the jurisdiction of...
Amid a crisis isolating Americans like nothing else has in a century, the service tying every corner of this nation together since its founding is foundering. There always have been critics of the U.S. Postal Service but now it has enemies led by President Donald Trump, and Trump’s untrue claims about his...
EVEN IN the Internet age, a solvent, functional postal service remains an essential element of any advanced nation’s infrastructure. As of January, however, the U.S. Postal Service was on its way to running out of cash by 2024, according to USPS management’s five-year business plan. This long-standing problem was due fundamentally to...
The U.S. Postal Service (USPS) was in financial shambles before the pandemic and the coronavirus certainly hasn’t helped. Now, agency leadership wants an astounding $75 billion from taxpayers to keep the USPS afloat despite a sorry track-record of reckless spending and pricing policies. The agency needs to get a grip on its failing...
The first political campaign I worked on took place in 1990. I’d just returned to Massachusetts after serving in the Army. Elections were taking place for state-wide offices, including the governor, attorney general and treasurer. I’d worked in the Massachusetts State House while in graduate school and had met several...