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News 12

Postmaster General warns of postage cut backs

News 12 · 10 days ago
News 12
News 12
10 days ago

Postmaster General David Steiner told a House oversight committee recently the problem is its universal service obligation.

Breakdown
  • USPS may run out of money in a year without changes 3s
  • Universal service obligation strains USPS finances 17s
  • Officials may cut delivery days or raise postage to $1 44s
  • USPS has not been profitable since 2007 1m 15s
  • Amazon may reduce packages sent via USPS after contract talks failed 1m 17s
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