Financial Woe for the USPS
Flag Act of 1818 The COVID-19 pandemic has been wreaking havoc throughout the world, and part of the fallout is financial woe for the USPS. A significant reduction in advertising by mail and a further steep decline of first-class business and personal correspondence have resulted in a 30% drop in mail volume, putting the U.S. Postal Service at risk. The postal service estimates that it will run out of operational funds by September 2020, if not sooner. No federal dollars are allocated to the United States Postal Service. Operations are funded by the sale of stamps…
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May 5, 2020