Cash-strapped Postal Service 'in peril' without intervention from Congress: watchdog - News Summed Up

Cash-strapped Postal Service 'in peril' without intervention from Congress: watchdog


Postal Service (USPS), warning that the post office's "current business model is not financially sustainable," and calling on Congress to pass legislation to set the agency on a better fiscal path. "USPS is the largest postal service in the world, delivering an estimated 47 percent of all mail sent globally," the report says. "USPS’s growing difficulties to provide universal postal service in a financially self-sustaining manner provide Congress with the need to consider fundamental reform of the entire framework of postal services in the United States." "From years of mismanagement, ballooning costs, and a lack of accountability, the United States Postal Service is truly an agency in dire need of reform," he said. "While Democrats continue to push for a complete bailout of the Postal Service in COVID-19-related legislation, the report released today makes clear that the systemic issues within the Postal Service far pre-date this pandemic."


Source: Fox News May 07, 2020 15:53 UTC



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