Watchdog Calls for Real Postal Reform After $639 Million Quarterly Loss
Today, the Taxpayers Protection Alliance slammed the U.S. Postal Service (USPS) after the agency reported a $639 million net loss for the second quarter of fiscal year (FY) 2022. This figure increased significantly from the same quarter last year, when the USPS reported a $82 million net loss. The federal agency continues to suffer significant net losses despite a heavily criticized plan by Postmaster General Louis DeJoy to save money by altering delivery standards and slowing down the delivery of first-class mail.
