After years of soaring deficits, including $2.7 billion in losses in 2017, the United States Postal Service’s financial condition continues to worsen, and a recent proposal by federal regulators fails to address the root of the problem.

The Postal Regulatory Commission (PRC), which has oversight authority over the Postal Service, is considering authorizing substantial postal rate increases over the next five years in an attempt to bolster the Postal Service’s financial stability. Yet the PRC’s proposed remedy is misguided and premature. Before the Commission contemplates increasing rates on the American people, it should examine the financial mismanagement that has brought the Postal Service to where it is today.

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