“USPS has lost $69 billion over the past 11 fiscal years — including $3.9 billion in fiscal year 2018,” GAO says.
“USPS’s total unfunded liabilities and debt ($143 billion at the end of fiscal year 2018) have grown to double its annual revenue.”
The USPS told Congress in April that it would run out of money by September of 2020, as Business Insider reports.
We’ll keep you posted as developments unfold regarding the postal service’s financial status and future.
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