WSJ: US Postal Service Reports Record Loss; May Run Out of Money In 12 Months

Today, my friend Ethan forwarded an article from the WSJ that discusses the looming “fiscal cliff” for the United States Postal Service.  Quoting the lede:

A record $15.9 billion annual loss pushed the U.S. Postal Service closer to its own fiscal cliff, and officials say without congressional action the agency is likely to run out of cash within 12 months.

I’ve been writing about this issue for nearly three years, and it appears that the endgame is afoot.  (For convenience, I’ve linked to the related posts here, here, here, and here.)

It will be interesting to see how President Obama and a Republican-controlled House deal with this issue.  More to come.

 

2 thoughts on “WSJ: US Postal Service Reports Record Loss; May Run Out of Money In 12 Months

  1. I see you share interesting stuff here, you can earn some extra cash, your website has
    huge potential, for the monetizing method,
    just type in google – K2 advices how to monetize a website

  2. Pete, I’ve thought for several years now that USPS should just “embrace” Snail Mail. Two delivery days– Tuesday and Friday. That’s it. If the volume of direct mail is clogging the arteries of the USPS, they need to do a cost/benefit on that. If they can’t make it work on two delivery days per week, then shut it down and contract with UPS, FedEx, Amazon.

Leave a Reply

Your email address will not be published. Required fields are marked *