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...
No matter what path Congress takes in reaching what some members have called an urgent need for postal reform, the Postal Service, for the first time since December 2014, has enough members on its Board of Governors to reach a quorum. The Senate...
Faced with the threat of running out of cash within the next few years, the Postal Service expects to deliver its plan for a long-term business model to Congress later this summer. As part of this upcoming business plan, postal watchdogs have urged...
The Postal Service’s downsizing of its postal network did not help to save as much money as it hoped. The agency’s inspector general said USPS consolidated more than 200 facilities between 2011 and 2015, and reduced its first-class mail standards. However, those...