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USPS is a microcosm of federal government inefficiency, deficits, and debt. In total, according to the Congressional Budget Office, the federal government spent $6.8 trillion in FY 2024 (23.4 ...
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
The USPS warned that a number of products could be adversely affected, such as seeds, photographic film, biological samples, food, medicines, and electronic equipment. In the process of irradiation, mail is exposed to extreme heat. Paper is weakened and may appear to have been aged, with discoloration (e.g., yellowing), and brittleness.
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
The USPS said it lost $9.5 billion in the fiscal year ended September 30, compared with a loss of $6.5 billion a year earlier. The postal service blamed the wider loss on billions spent on noncash ...
The United States Postal Service (USPS) is offering employees a voluntary early retirement incentive to address overstaffing in its facilities. This incentive includes lump-sum payments equaling ...
The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020.
The new service is being touted as an “affordable” shipping option.