Issa on $2 Billion Postal Service Loss: Bailout Not the Answer

Posted on August 12, 2014August 12, 2014 by 21cpw

House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., today released the following statement on news that the U.S. Postal Service posted a $2.1 Billion loss in the most recent quarter: “The Postal Service’s latest reported loss illustrates the urgent need for postal reform to prevent a taxpayer funded bailout of the Postal Service,”…

USPS lost $1.9 billion; UPS makes $1.5 billion. What’s wrong with this picture?

Posted on May 13, 2014May 13, 2014 by 21cpw

Through rain, sleet, snow, the mail is delivered and I am truly grateful for the men and women of the US Postal Service (USPS). However, I must admit to being alarmed at the fiscal management of the organization. According to The Hill, “The USPS lost $1.9 billion over its most recent quarter, despite bringing in…