The five members of the Postal Regulatory Commission and the nine governors of the Postal Service are all appointed by the president and seated only after Senate confirmation. On each panel, a partisan majority cannot exceed one seat, which makes for interesting choices when a president must fill vacancies with a nominee from the other party. Also, both commissioners and…
Read MoreDay: November 18, 2024
USPS Reports $9.5 Billion Loss for Fiscal 2024
At the November 14 meeting of its Board of Governors, the Postal Service reported a loss of $9.5 billion for its 2024 fiscal year (October 1, 2023, through September 30, 2024). That amount is $3 billion larger than the loss reported for fiscal 2023, far different from the projected $1.7 billion surplus anticipated in Postmaster General Louis DeJoy’s 10-Year Plan.…
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