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.
The White House’s task force on USPS recommends reamortizing payments that would, in the long-term, save the Postal Service about $20 billion. That would also increase annual retirement contributions.
The day after getting the green light to significantly raise postal rates in 2019, the Postal Service marked its 12th straight fiscal year of net financial losses.