USPS Statement on COVID-19-related funding

Posted on April 3, 2021April 3, 2021 by 21cpw

USPS News Release – April 2, 2021 The U.S. Postal Service continues to track our COVID-19-Related Operating Expenses consistent with our understanding with the Department of the Treasury. As of March 31, 2021, we have been reimbursed for such expenses in the cumulative amount of $8.648B pursuant to the terms of the CARES Act as…

USPS OIG Audit Report: Revenue Forgone

Posted on May 17, 2016May 17, 2016 by 21cpw

Background When Congress put the U.S. Postal Service on a self-sustaining basis in 1971, it continued to subsidize the mailing costs of such groups as the blind, non-profit organizations, local newspapers, and educational material publishers by providing an appropriation to the Postal Service to cover the revenues that were given up, or “forgone,” in charging…