The Postal Service’s Financial Crisis

The Postal Service lost $2.8 billion in fiscal year (FY) 2008. This year, the Postal Service is concerned its loss could grow to $6 billion or more. Since the Postal Service is limited by law from borrowing more than $3 billion per year and the Postal Service started 2009 with only $1.4 billion cash on hand, there is a danger the Postal Service could face a liquidity problem as payroll and benefits alone are about $54 billion a year.

 

Pages

Recent Poll

Do you think USPS should invest in Treasury Inflation-Protected Securities?

Yes
54% (54 votes)
No
46% (46 votes)
Total votes: 100

Recent Comments

  • 1 day 16 hours ago
    Why not illuminate all small offices that are not more than six hours make the six hour offices eight hours again illuminate all street delivery rule, city, and HCR. Give everybody that had their...
  • 1 day 20 hours ago
    I have a package that has been at ISC New York for 8 days now, whereas a package shipped from the same place, on the same day, with similar contents was delivered on Monday. How long does it take for...

Monthly Archive