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 United States Postal System. Secretary Steven Mnuchin also enlisted help from the Office of Management and Budget and other agencies, along with postal unions and parcel shipping companies.
The task force was charged with finding a way forward for the Postal Service by evaluating the agency’s operations, finances and business model….(Read more)