By Ike Brannon – December 14, 2017 Delivering mail to every address in the country, the USPS has a nearly daily impact on every Americanās life. With over $121 billion in debt and unfunded liabilities, it could have an even larger impact in every Americanās life if it cannot begin cutting costs and paying its…
Congress needs to work together to fix the U.S. Postal Service. The reasons are clear: its finances are in dire straits and getting worse. Every month brings a new tale of fiscal woe: red ink; declining First Class mail; a maxed-out line of federal credit; and tens of billions of dollars in retiree health care…
NEW YORK (TheStreet) — For Washington lawmakers already at loggerheads over the country’s fiscal mess, the United States Postal Service has not delivered god news.Ā The USPS has become the latest in line asking for a bailout. Again. Last week, the USPS announced a $1.9 billion loss in the second quarter. Worse, USPS has $64…
