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U.S. Postmaster General Louis DeJoy said in August that inflation would cause USPS costs to exceed its 2022 budget plan "by well over $1 billion." U.S. Postal Service wants to hike stamp prices to ...
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six day a week delivery of mail. [3] The act was first ...
The US Postal Service filed a notice with its regulators to increase prices on First-Class “Forever” stamps to 73 cents from 68 cents, marking yet another price hike for the financially ...
USPS has been aggressively hiking stamp prices and is in the middle of a 10-year restructuring plan that aims to eliminate $160 billion in predicted losses over the next decade. ... In April 2022 ...
In fiscal year 2022, the Postal Service had $78.81 billion in revenue and expenses of $79.74 billion. Due to one-time appropriations authorized by the Postal Service Reform Act of 2022, the agency reported a net income of $56.04 billion. In the 2023 fiscal, revenue had increased to $79.32 billion, but reported a net loss of $6.48 billion.
Passed the House on December 8, 2006 (voice vote) Passed the Senate on December 9, 2006 (unanimous consent) Signed into law by President George W. Bush on December 20, 2006. The Postal Accountability and Enhancement Act (PAEA) is a United States federal statute enacted by the 109th United States Congress and signed into law by President George ...
Moran and Davids’ letter specifically asks them to detail a plan that would increase hiring, training and retention of Postal Service employees, along with reasons why the mail isn’t being ...
Louis DeJoy (born June 20, 1957) is an American businessman serving as the 75th U.S. postmaster general. He was appointed in May 2020 by the Board of Governors of the United States Postal Service (USPS). Prior to the appointment, he was the founder and CEO of the logistics and freight company New Breed Logistics and was a major Republican Party ...