The USPS was restructured and forgiven financial obligations. They did not receive any money.
So.. you are saying that they are subsidized by the government?
They operated at a 6.5 billion dollar loss last year.
“In April 2022, U.S. President Joe Biden signed legislation providing USPS with about $50 billion in financial relief over a decade.”
Totally 100% self funded, except for.. all of its employees wages and benefits
The USPS own revenue hasn’t covered its costs/benefits for more than 15 years, and even with the $50 billion from the government in 2022, they are still doing everything they can just to break even.. IN 10 YEARS TIME.
U.S. Postal Service Faces More Financial Losses—How Can It Stem the Tide?
The U.S. Postal Service recently announced quarterly financial losses of $1.7 billion, as well as declines in the volume of First-Class Mail, Marketing Mail, and packages. Financial challenges like this are nothing new. The U.S. Postal Service (USPS) has long faced financial challenges that...
www.gao.gov
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