U.S. Postal Service on 'death spiral' without urgent reform - chief

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Postmaster General Louis DeJoy urged lawmakers for urgent reforms and legislative relief from Congress, as he apologized before the House Oversight Committee for the persistent delays in the U.S. Postal Service’s mail delivery

“I would suggest that we are on a death spiral,” DeJoy told the U.S. House Oversight and Government Reform committee at a hearing, who did not rule out changing first-class deliver standards or other significant changes.

House Oversight and Government Reform Committee Chairwoman Carolyn Maloney made the case for action as the USPS faces shrinking volumes of first-class mail, increased costs of employee compensation and benefit, and higher unfunded liabilities and debt. The USPS reported net losses of $86.7 billion from 2007 through 2020. One reason is 2006 legislation mandating that it pre-fund more than $120 billion in retiree health care and pension liabilities, a requirement labor unions have called an unfair burden not shared by other businesses.

 

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US Post is one of the worst on the world. Got this week a letter, that was sent on Dec 12. That's over 2 month to deliver a letter. terrible

He needs to go!! Now!!!

Couple of weeks ago I came across a recommendation about Johnteddy63 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation

White House moved today to provide relief to the USPS that will definitely ease the persistent delays. President Biden filled the vacancies on the Board of Governors who can fire incompetent DeJoy.

Delays that HE CAUSED!!!!!!

'Dear sir, you have been poisoned! It will take a day to kick in and kill you. Fear not though! The antidote has been sent to you via USPS Express Delivery after your latest round of 'reforms'. I am sure you're feeling incredibly safe right now!'

I can’t even watch anything he says..such a nasty person.

He’s so dirty

He must go immediately

Now he's apologizing? When Trump was king, he told Congress everything was perfect.

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