Postmaster General Patrick Donahoe is scheduled to appear Tuesday afternoon before the Senate Homeland Security and Governmental Affairs committee to discuss the quasi-government agency’s dire financial situation. The USPS lost $8 billion last year and is expected to lose at least that much this year as well. The post office is being squeezed on both revenue and costs; losing business due to the Internet revolution and bound by a law that prevents them from raising postage fees faster than inflation.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=147309