The United States Postal Service delivers at least one thing consistently. It has lost money in every quarter since 2007, even though its 2021 Delivering For America plan guaranteed that it would finally break even in fiscal 2023.

Instead, it lost $6.4 billion in fiscal 2023, projects a $6.3 billion loss in fiscal 2024 (the first-quarter loss of $2.1 billion is more than double the $1 billion loss in the first quarter of fiscal 2023), and a $5 billion loss in fiscal 2025. The fiscal 2023 loss, which was $2 billion, or 44%, more than the planned loss of $4.5 billion, was attributed to lower mail volume, higher inflation, and service improvement efforts.