Thousands Rally To Support USPS As Agency Running Out of Cash
Summary
The U.S. Postal Service (USPS) is facing serious financial problems, with nearly a $2 billion loss in a recent quarter and warnings it may run out of cash by next February. A growing petition opposes major changes to USPS, including President Donald Trump’s proposals to move it under executive control or privatize it, as many worry these changes could affect essential mail services, especially in rural areas.Key Facts
- USPS reported a net loss close to $2 billion for the quarter ending March 31.
- Postmaster General David Steiner warned the agency might struggle to pay vendors and employees by February without help from Congress or funding changes.
- Nearly 88,000 people have signed a petition against major changes to USPS, aiming for 100,000 signatures.
- President Donald Trump supports reorganizing USPS under the Commerce Department and has hinted at privatization.
- USPS employs around 600,000 people and delivers over 100 billion mail pieces annually.
- The postal service currently opposes privatization and becoming a fully government-funded agency.
- USPS has proposed raising the price of first-class mail stamps from 78 to 82 cents starting July 12.
- Lawmakers highlight past reforms, including the Postal Service Reform Act of 2022, which aimed to improve USPS finances.
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