Just a few short weeks before releasing the U.S. Postal Service's year-end financial report for the 2019 fiscal year, USPS Postmaster General (PMG) Megan Brennan announced her intent to step down from her post on January 31, 2020.
PMG Brennan took the helm of the Postal Service in February 2015 and, during her tenure, the agency has witnessed continuing transformations in the mailing and eCommerce industries, in addition to tumultuous financial circumstances. During the five year period, the USPS' net losses have grown by more than $23 billion and the agency's narrow controllable income gains have evaporated, now adding to its losses. The Government Accountability Office continues to keep the agency on its “High-Risk List” due to the need for action to address its finances.
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