Trick: The USPS Is Still Bleeding Money | Citizens Against Government Waste

Trick: The USPS Is Still Bleeding Money

The WasteWatcher

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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