Fiscal struggles at the U.S Postal Service (USPS) are well-known and documented. In fiscal year 2021, the agency’s net loss is expected to grow to $9.7 billion because of persistently high costs and lower projected revenue. Fortunately, leadership within the agency and Congress have both expressed a willingness to work to remedy this fact. What is ultimately needed is a solution that protects consumers that use its monopoly mail services, while also protecting taxpayers from fiscal irresponsibility.
The USPS released just released its 10-year Plan — ‘Delivering for America’ — a plan to return the organization to financial sustainability and achieve service excellence while maintaining universal six-day mail delivery and expanding seven-day package delivery. Meanwhile, the House Oversight Committee has a discussion draft for legislation hoping to “restore the financial solvency of the United States Postal Service in order to ensure the efficient and affordable nationwide delivery of mail, and for other purposes.”
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