Postal Service

How does Trump’s budget propose to fix the Postal Service?

The U.S. Postal Service (USPS) lost $3.9 billion in 2018. The agency also failed to make a $6.9 billion payment to cover its retiree health and pension benefits. Mail volume is down more than 25 percent since 2008, leaving the postman with less revenue. So what does President Donald J. Trump propose to do

Five charts show the grim financial condition of the U.S. Postal Service

Last year, the U.S. Postal Service (USPS) ran a deficit of $3.9 billion. Unfortunately, losses are the rule rather than the exception for the agency. All this red ink has flowed despite USPS’s aggressive move into the parcel delivery business. These five charts depict the immensity of USPS’s financial challenges.

The big reforms in the Trump postal reform plan

Yesterday, the Trump administration unveiled its recommendations for reforming the ailing U.S. Postal Service (USPS). Due to plunging mail volume and rising costs, USPS lost $4 billion last year and has $130 billion in unfunded pension and health care obligations. The 74-page report was issued by the U.S. Treasury, which headed the Task Force on the

Will Congress save the money-bleeding Postal Service

The U.S. Postal Service (USPS) lost nearly $2 billion in 2018. But that eye-popping number does not capture the full picture. The agency failed to pay $2 billion into its employees’ health care fund, so its real loss this year is $4 billion. This is not good. Congress designed the

Vague law foments debate over USPS parcel pricing

There’s been quite the hullabaloo raging over the U.S. Postal Service’s (USPS) pricing of parcels. President Donald J. Trump started a volley in late December 2017 by tweeting….(Read more)

Why I like voting by mail

It has been a few years since I queued up at a polling place, and I am the happier for it. Don’t get me wrong, I am a sucker for the pageantry: citizen volunteers man polling places; activists outside hand out flyers in hopes of swinging votes; I get a

Related Posts Plugin for WordPress, Blogger...
© 2020 Kevin R. Kosar . Powered by WordPress. Theme by Viva Themes.