Rather than tackle the financial woes of the U.S. Postal Service head-on, Congress is readying yet another taxpayer-funded bailout.
Despite already receiving $10 billion in coronavirus relief funding from the CARES Act, the Postal Service managed to rack up a net operating loss of $4.9 billion in 2021, a loss primarily driven by the 20-year trend of declining first-class mail volume. In a rational world, this would lead to the USPS introducing cost-cutting measures to reduce labor costs, reexamining the viability of Saturday delivery, and scaling back postal facilities to meet public demand.
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