U.S. Postal Service News

The U.S. Postal Service is in trouble. So Congress is coming to the rescue by debating a proposed “Postal Service Reform Act” (HR 3076) to “stabilize” the independent agency’s financing and put it on a path of fiscal responsibility.  But although the legislation passed Tuesday by the House and now before the Senate might end…

As Democrats regroup and forge ahead with plans to implement components of the Build Back Better legislation killed by Sen. Joe Manchin, D-W.Va., calls for the U.S. Postal Service to be given billions to electrify its vehicle fleet are likely to soon reach a fever pitch.   The Postal Service is a high-profile, well-regarded institution through which progressives…

The lawsuit filed last week by New York State Attorney General Letitia James against the U.S. Postal Service reads more like a 64-page list of talking points than a serious legal document. But that didn’t stop her colleagues in New Jersey, Hawaii, New York City, and San Francisco from joining the suit, giving a bicoastal…

Postmaster General Louis DeJoy testified Monday before a House committee to address Democrats’ recent theories regarding actions taken by the U.S. Postal Service weeks and months before the November election.  Voting by mail, either through absentee ballots or by universal mail-in ballots, is expected to be high this year because of the COVID-19 pandemic.  As…

House Speaker Nancy Pelosi has called lawmakers back early to vote on legislation centered on the U.S. Postal Service. Pelosi and the Democrats asked Postmaster General Louis DeJoy and Postal Service Board of Governors Chairman Robert Duncan to come before the House Oversight and Reform Committee on Aug. 24, fast-tracking a hearing originally set for…

In 2020, we’re used to seeing falsehoods and misinformation spreading like wildfire online. Typically, they’re linked to breaking news, hot-button social issues, or scandals. The biggest focal point for online political drama today is an unlikely one; namely, the U.S. Postal Service. Representatives from both parties, conspiracy theorists, and even singer Taylor Swift are weighing…

The U.S. Postal Service is feeling the economic fallout of the coronavirus pandemic. It recently asked for $75 billion in taxpayer funding. President Donald Trump said that any bailout must be conditioned on reform. Romina Boccia, a fiscal and economic expert at The Heritage Foundation who focuses on government spending and the national debt, joins…

If you followed only the headlines and mainstream press coverage, you might think that the U.S. Postal Service was on the verge of bankruptcy and needs an immediate taxpayer bailout of $75 billion or more to keep functioning. However, a financial report that the USPS released on Friday revealed a crucial piece of information that…

Democrats and U.S. Postal Service officials are seeking a $75 billion bailout from taxpayers. While they seek to blame the COVID-19 pandemic, the facts are plain. Unsustainable wage and benefit costs, along with unaffordable and inefficient service requirements in light of reduced demand—not the new coronavirus—are the real reasons for the Postal Service’s financial troubles….

If a company lost $66 billion in 10 years and was on track to lose another $10 billion this year, would that company make a good banker? Some in Washington think so. They are urging that the United States Postal Service start providing banking services ranging from checking accounts to short-term loans. That would be…

Is Amazon causing the U.S. Postal Service to lose money? That’s the assertion made by President Donald Trump last week in a series of tweets criticizing a Postal Service contract with Amazon, under which the Postal Service delivers Amazon orders to homes across America. Amazon is using the Postal Service as its delivery boy, complains…

Like the Cheshire Cat in Alice in Wonderland, postal reform in Congress seems to be fading fast with each new iteration. The latest version—put together by a bipartisan group of House lawmakers led by Rep. Jason Chaffetz, R-Utah—is the faintest yet. The bill, set to be marked up by the House Oversight Committee today, falls…

It’s no secret that the postal business is shrinking. First-class mail volume is melting away like a popsicle in the sun—down 40 percent since 2000. Less well-known is the shrinkage of the U.S. Postal Service’s board of governors. It is supposed to have nine members (not counting the postmaster general and deputy postmaster general). At…

For most businesses, losing over $5 billion would be a shock. Share prices would plummet, and management would fear for their jobs. But over at the U.S. Postal Service, which on Friday morning announced a $5.1-billion loss for its just completed fiscal year, it’s nothing new. Losing money has become a bit of a tradition…