Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why the US Postal Service Loses Money on Every Package
The US Postal Service has lost money for 15 straight years, and the latest financial reports show the gap keeps widening. In this episode, Lucas and Luna dig into one surprising number: the Postal Service loses roughly two dollars for every package it delivers. They trace the problem back to a 2006 law that forced the agency to pre-fund retiree health benefits 75 years into the future, a structural burden no private carrier faces. They also explore why the agency's universal service obligation makes it impossible to cut costs the way FedEx or UPS can, and whether the recent ten-year…
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