On July 27, 2022, Louis DeJoy, the 75th Postmaster General of the United States, visited AEI to give a speech, and to sit for a question and answer session with me.
The Senate is set to pass legislation as soon as today to bolster the U.S. Postal Service’s flagging finances. The measure was supported by Democrats and Republicans and will then head to President Joe Biden’s desk, having already cleared the House in February. Securing any bipartisan agreement in this town is a rare event, worthy […]
This week, the House of Representatives voted to advance postal reform legislation by 342 to 92. That Democrats and Republicans alike could vote, in an election year, no less, for H.R. 3076 is praiseworthy. Postal reform is rare; only two significant postal reform bills have been enacted in the past half-century. Moreover, this usually drab issue has become […]
In 2021 the United States Postal Service booked a $4.9 billion net loss. The USPS also reports that it has more than $120 billion in unfunded liabilities in pensions, retiree health benefits and other debts. To conserve cash, the agency has quit making payments on some of these obligations, and its perennial deficits likely portend […]
The U.S. Postal Service says it is ready for the holiday season and its crush of holiday cards and packages. “We’re going to kill it,” said Postmaster General Louis DeJoy. The agency desperately wants to avoid a repeat of the poor showing of December 2020. A tsunami of 1.1 billion packages hit the USPS’s logistics […]
Last week, the US Postal Service (USPS) announced that it had brought in $77 billion in revenue in the past year. That record-setting number popped a few eyes. It is $4 billion more than the agency reaped last year, and it exceeds the agency’s high-water mark (2008) by $3 billion, buoyed by soaring parcel volumes…. (Read more)