USPS USPS Is Going Down, And It’s Taking Billions With It byKevin Kosar, Foundation For Economic Education The existential crisis is already happening The U.S. Postal Service lost nearly $5 billion this past year, according to its just-released year-end financial results. As in recent years, the agency did not make the legally required $5.7 billion payment to its Retiree Health Benefits Fund. The agency is $15 billion in debt and legally prohibited from borrowing additional funds. The unfunded portion of its retiree-health-benefits obligation is $54 billion. Revenues increased slightly but mail volume slid by 1.4 billion pieces from last year…
USPS Is Going Down, And It's Taking Billions With It
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