The long struggling US postal service is in danger of financial collapse.
https://www.nytimes.com/2020/04/09/u...-the-mail.html
The USPS has long been suffering from the absurd funding requirements of the 2006 Postal Accountability and Enhancement Act, a poison pill that requires the USPS to pre-fund future pension payments. No other business or government agency is required to do this, and pre-funding these retirement benefits has put intense financial strain on the agency.
https://theweek.com/articles/767184/...ke-post-office
This financial instability has been exasperated by the Covid-19 pandemic, seeing mail volume and revenue drop as the economy grinds to a halt.
As of yet, the Trump administration is opposing efforts to include the USPS in any covid-19 bailout legislation.
https://www.washingtonpost.com/busin...source=twitter
Republicans may finally achieve their dream of fully privatizing the mail.
https://www.nytimes.com/2020/04/09/u...-the-mail.html
The USPS has long been suffering from the absurd funding requirements of the 2006 Postal Accountability and Enhancement Act, a poison pill that requires the USPS to pre-fund future pension payments. No other business or government agency is required to do this, and pre-funding these retirement benefits has put intense financial strain on the agency.
https://theweek.com/articles/767184/...ke-post-office
This financial instability has been exasperated by the Covid-19 pandemic, seeing mail volume and revenue drop as the economy grinds to a halt.
As of yet, the Trump administration is opposing efforts to include the USPS in any covid-19 bailout legislation.
https://www.washingtonpost.com/busin...source=twitter
Republicans may finally achieve their dream of fully privatizing the mail.
via International Skeptics Forum https://ift.tt/2K2gvJi
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