This month, the U.S. Postal Service, a government enterprise, released new data that provides further evidence of the agency’s financial woes. Net losses for the second quarter of 2018 totaled $1.3 billion, compared to a net loss of $562 million for the same period last year.
The new data highlight the need for policymakers to take decisive steps to address this problem. In the last decade, the USPS has reported more than $65 billion in losses; in 2017 alone, its deficits totaled $2.7 billion.
To continue reading, visit the Washington Examiner.