The embattled top executive of the U.S. Postal Service is promising new and bold reforms of the mailing agency in the months ahead, as he announced a net financial loss of $9.2 billion in fiscal 2020. With the spotlight of the 2020 election...
President Trump on Thursday suggested he was holding up a deal on coronavirus relief in part to ensure the U.S. Postal Service would not have sufficient funds to handle mass mail-in ballots this fall, falsely conflating various pressures the agency is facing. While...
A bipartisan group of senators is pushing for emergency funding for the financially-strapped U.S. Postal Service, which has cautioned the economic impact of the novel coronavirus pandemic has deeply exacerbated its ongoing fiscal crisis. The Postal Service Emergency Assistance Act (S. 4174), introduced...
The U.S. Postal Service could soon raise prices in a way that more closely follows increases in its costs, as the mailing agency’s regulators proposed an overhaul to the existing rate-setting system it has deemed inadequate. The Postal Regulatory Commission still would not...
The U.S. Postal Service lost $8.8 billion in fiscal 2019, more than doubling its losses from the previous year. The results marked the 13th consecutive year the mailing agency lost money, although USPS did post a slight uptick in revenue to $71.3 billion. A...