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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 Postal Service Act was a piece of United States federal legislation that established the United States Post Office Department. It was signed into law by President George Washington on February 20, 1792.
The Postal Accountability and Enhancement Act of 2006 (Public Law 109-435) enacted on December 20, 2006, made several changes to the Postal Regulatory Commission. [2] [3] Besides giving the body its current name, the Postal Accountability and Enhancement Act significantly strengthened the Commission's authority to serve as a counterbalance to new flexibility granted to the USPS in setting ...
The U.S. Postal Service announced that the price of a stamp will not change in January 2025, despite constant increases throughout the years.. How much will stamps cost in 2025? The stamp price ...
The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks — while retaining local mail delivery times of one to ...
Some important Medicare updates took effect on Jan. 1.One of the biggest changes is a $2,000 cap on out-of-pocket prescription drug costs, which could save some households a lot of money in 2025.