The U.S. Postal Service reported a $3.3 billion net loss for the quarter ending March 31, driven by declining mail volume and rising expenses.
Despite raising stamp prices, its controllable loss increased to $848 million from $317 million the previous year.
Postmaster General Louis DeJoy resigned amidst White House pressure, and President Donald Trump is considering merging USPS with the Commerce Department—a proposal Democrats argue violates federal law.
- Net Loss: $3.3 billion
- Controllable Loss: $848 million
This reflects ongoing challenges for the agency’s financial stability.
Tags #Business, #Government, #WhiteHouse
Lucem News Editor’s Opinion: Looks like the only thing the USPS delivers on time is bankruptcy—$3.3 billion down the drain, and now they want to team up with the Commerce Department? What could possibly go wrong when losers consolidate?
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