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Pressure for USPS Funding Ramps Up as Budget Outlook Worsens
Government Executive: U.S. Postal Service stakeholders and employees are escalating their calls for financial assistance for the mailing agency as it reports new budget shortfalls amid the novel coronavirus pandemic.
USPS lost $1.2 billion in April, according to preliminary financial data, compared to just $338 million in the same period in 2019. Factoring out fluctuations in interest on workers’ compensation costs, the gap was $470 million. Volume for regular, first class mail, the Postal Service’s most profitable offering, fell by 9% year-over-year, while marketing mail dropped by 45%.
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