Trick: The USPS Is Still Bleeding Money | Citizens Against Government Waste
The WasteWatcher: The Staff Blog of Citizens Against Government Waste

Trick: The USPS Is Still Bleeding Money

The WasteWatcher is the staff blog of Citizens Against Government Waste (CAGW) and the Council for Citizens Against Government Waste (CCAGW). For questions, contact blog@cagw.org.


Since 2007, the USPS’s bloodcurdling losses have totaled more than $70 billion, with $3.9 billion alone in FY 2018.  In the last quarter of FY 2019, the USPS lost $2.3 billion, putting it on pace to lose $8 billion in 2019.  Congress has been promising and failing to deliver postal reform for years, but the USPS’s losses may be beyond resurrection.  Rep. Marcy Kaptur (D-Ohio) was named CAGW’s Porker of the Month in July 2019 for suggesting the horrifying idea of allowing the financially-challenged USPS to get into the business of banking.

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