Despite these growing concerns, the USPS remains an independent agency under Congressional control.
The executive branch can’t dismantle it without Congress’s approval.
This independence is a double-edged sword.
While it means USPS doesn’t rely on taxpayer funds, it also means it’s struggling to stay afloat.
USPS’s 2023 deficit was steep, but it has posted a slight profit recently with DeJoy’s 10-year restructuring plan showing signs of success.
The service has faced decades of financial strain, losing $87 billion from 2007 to 2020.
But Michael Caref, a business agent with the National Association of Letter Carriers, believes USPS is more than just a service.
al service is part of America’s fabric, Caref insisted.
“It’s not like the postal service is a burden to anyone right now,” he said.
“You have a live person who’s out in every community at least six days a week, and while we’re out there we’re also looking out for the people in the community.”
Since its reorganization in 1970, USPS has funded itself through customer fees, with just a small annual subsidy from Congress.
However, rising retiree benefits and a decline in profitable first-class mail have exacerbated the financial strain.
Even so, the service posted a $144 million profit last quarter, a turnaround from last year’s $2.1 billion loss.
“ al service has to reinvent itself as the delivery mechanism for America in the modern era and that’s not going to happen overnight,” Caref said.
“I think it’s well worth it to make that investment.”
USPS didn’t immediately respond to a request for comment by The U.S. Sun.
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