The Postal Service’s $130 billion problem

Source: USPS.com

The United States Postal Service has many troubles. Mail volume has plunged more than 30 percent since 2007. The agency, which was designed to be self-funding, has run deficits for many years. And earlier this year, the postmaster general told Congress the agency would run out of cash in 2024. If that happens, the USPS will shut down unless taxpayers bail it out. As if that isn’t bad enough, the USPS reports that it also has $130 billion in unfunded obligations….(Read more)

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