Anonymous ID: 5e096a April 5, 2020, 6:33 p.m. No.8698918   🗄️.is 🔗kun   >>8944 >>8952 >>8985 >>9191 >>9382 >>9410 >>9436

>>8696649 lb

 

 

 

US Postal Service could shut down by June, lawmakers warn

https://www.msn.com/en-us/money/companies/us-postal-service-could-shut-down-by-june-lawmakers-warn/ar-BB128O5w?

 

 

Does this mean that they siezing power from Russell-Jay: Gould:? Tell us please :Robert-Leroy: Horton!

 

Will my CLAILM OF LIFE PURCHASE arrive to me before the shutdown?

Anonymous ID: 5e096a April 5, 2020, 7:17 p.m. No.8699382   🗄️.is 🔗kun   >>9428 >>9436

>>8698918

 

Postal Service Net Income/Loss By Year

 

2019 - $8.8 billion loss

2018 - $3.9 billion loss

2017 - $2.7 billion loss

2016 - $5.6 billion loss

2015 - $5.1 billion loss

2014 - $5.5 billion loss

2013 - $5 billion loss

2012 - $15.9 billion loss

2011 - $5.1 billion loss

2010 - $8.5 billion loss

2009 - $3.8 billion loss

2008 - $2.8 billion loss

2007 - $5.1 billion loss

2006 - $900 million surplus

2005 - $1.4 billion surplus

2004 - $3.1 billion surplus

2003 - $3.9 billion surplus

2002 - $676 million loss

2001 - $1.7 billion loss

 

COVID-19 Pandemic Threatens Postal Service Survival

In April 2020, lawmakers warned that losses related the novel coronavirus COVID-19 flu pandemic could threaten the Postal Service’s very existence.

 

“The Postal Service is in need of urgent help as a direct result of the coronavirus crisis,” said the House Committee on Oversight and Reform. “Based on a number of briefings and warnings this week about a critical fall-off in mail across the country, it has become clear that the Postal Service will not survive the summer without immediate help from Congress and the White House. Every community in America relies on the Postal Service to deliver vital goods and services, including life-saving medications.”

 

Already burdened by a negative net worth of $65 billion and an additional $140 billion in unfunded liabilities, the USPS originally expected to run out of liquidity by 2021 without help from Congress. However, with fewer people and businesses because of the COVID-19 outbreak, the quasi-governmental Postal Service—which relies on user fees rather than taxes—could be forced to close its doors as early as June 2020, lawmakers warned. Despite the dire warnings, however, the USPS received no additional funding in the $2 trillion coronavirus stimulus and relief package legislation signed by President Trump on March 27, 2020.

 

“The Postal Service needs America's help, and we must answer this call,” said leaders of the Committee on Oversight and Reform. “These negative effects could be even more dire in rural areas, where millions of Americans are sheltering in place and rely on the Postal Service to deliver essential staples,” the lawmakers warned.

 

https://www.thoughtco.com/postal-service-losses-by-year-3321043