The U.S. Postal Service touches virtually every U.S. household and business and is critical to the national economy. However, it has lost over $78 billion in recent years due to declining mail volumes and rising costs.
Businesses and foreign postal organizations that faced similar challenges made significant changes, such as reducing less profitable products and services. However, USPS can’t make similar changes because it has been unable to reach an agreement with stakeholders, including Congress, on what actions to take.
Congress should consider reassessing what postal services the nation needs, how those services should be funded, and more.