Regulators told lawmakers that an April decision to temporarily suspend some payments into a retirement fund has significantly improved the agency’s finances. The move is expected to free up about $2.5 billion this fiscal year.
Regulators told lawmakers that an April decision to temporarily suspend some payments into a retirement fund has significantly improved the agency’s finances. The move is expected to free up about $2.5 billion this fiscal year.
Because USPS is not funded by taxes. It’s entirely funded by providing services for a fee. If they operate in the red, they will fail.
If that’s the case why did they create it as a government service? Why didn’t Benjamin Franklin just start a nice private corporation to do it? He could have made some money along the way being a shareholder.
LMGTFY:
https://www.uspsoig.gov/focus-areas/did-you-know/do-my-tax-dollars-pay-postal-service