#Usps finances free#
The USPS is not like other government agenciesĮstablished in 1775 to promote the free exchange of ideas across the colonies, the United States Postal Service is among the country’s oldest government institutions – and yet it operates with few of the financial benefits of being a federal agency, while still bearing many of the costs.įor one, unlike other government agencies, the USPS is not allowed to receive taxpayer funding, and instead must rely on revenue from stamps and package deliveries to support itself.Ī woman walks past mailboxes seen outside of a US Post Office in Washington, DC on August 17, 2020. How is it, then, that the country’s most popular federal agency is earning millions of dollars, while also facing one of the greatest financial crises in its history? The answer to the USPS financial oddities can be traced back to a single source: Congress. The agency has been cash-flow-positive for the last three years, partly because of increased package deliveries and steady rates of first-class mail delivery. The agency netted a positive cash flow of almost $2 billion in the nine months ending June 30. With election day less than a month away, concerns are mounting that the USPS lacks the bandwidth to process the likely historic number of mail-in ballots.īut, paradoxically, business for the USPS is booming.
Even by 2020 standards, the United States Postal Service is having a terrible year.
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