USPS posted a net loss of nearly $2.3 billion for this fiscal year’s third quarter, higher than the loss reported by the agency for the same period last year.
With USPS on course to run out of cash by 2024, stakeholders say the status quo won’t be enough. But despite the urgency, Congress appears no closer to a compromise on postal reform.
Following pressure from lawmakers at a House Oversight and Reform Committee hearing last month, the Postal Service has shed more light on a strategic plan aimed to outline a long-term business model for USPS.
Lawmakers and Trump administration officials remain divided over whether rolling back postal unions’ right to collectively bargain over compensation, as recommended by the White House’s Postal Task Force, would put the agency on firmer financial footing.
As the government oversight community celebrates the 40th anniversary of the Inspector General Act this year, IGs and lawmakers have signaled their support for beefing up a governmentwide watchdog organization.
Justice Department Inspector General Michael Horowitz says the hope is to spin off a page that looks at disaster assistance funds.
USPS improved its numbers across the board in 2016, reaching record growth in certain categories, but still lost money due to retiree health benefits prefunding requirements and April’s exigent rollback, which cost USPS about $1 billion this year.
The Government Accountability Office says it’s helping agencies move from a “pay-and-chase” mentality to a broader, more risk-based approach to combating fraud. Yet even with help from GAO and OMB, agencies still need better data analytics tools and stronger leadership attention to address the root causes of fraud.
The DATA Act will make it easier for the federal government to prepare for the future and help citizens, but before it can do that, agencies need help in meeting the May 2017 implementation deadline.
David Williams, USPS inspector general, is stepping down from his watchdog post. His departure is voluntary and Deputy Inspector General Tammy Whitcomb will be serving in the role until a permanent successor is named.