Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A historical political resource." 
Email: Password:

  Trump convenes task force to study US Postal Service
NEWS DETAILS
Parent(s) Container 
ContributorRP 
Last EditedRP  Apr 13, 2018 11:44am
Logged 0
CategoryGeneral
AuthorJILL COLVIN
News DateFriday, April 13, 2018 05:00:00 PM UTC0:0
DescriptionAfter weeks of railing against online shopping giant Amazon, President Donald Trump signed an executive order Thursday creating a task force to study the United States Postal Service.

In the surprise move, Trump said that USPS is on "an unsustainable financial path" and "must be restructured to prevent a taxpayer-funded bailout."

The U.S. Postal Service has indeed lost money for years, but package delivery has actually been a bright spot for the service.

Boosted by e-commerce, the postal service has enjoyed double-digit revenue increases from delivering packages. That just hasn't been enough to offset pension and health care costs as well as declines in first-class letters and marketing mail, which together make up more than two-thirds of postal revenue.
Share
ArticleRead Full Article

NEWS
Date Category Headline Article Contributor

DISCUSSION