A red-ink-drenched postal service
For the American people, the frights won’t stop after Halloween is over — thanks to the most mundane of federal departments, the United States Postal Service (USPS). In the coming weeks, the red-ink-drenched agency will reveal to the public how much money it lost in the past year. It’s certain to be a nightmarish number, since the USPS has lost around $70 billion since 2007 and the agency is facing the uncertainty of new leadership after its postmaster general recently called it quits. That horrifying debt is only set to grow, too, unless the USPS can conjure up a business plan to get back on track. And who will be on the hook with higher stamp prices and bailouts?