May 23, 2019
U.S. Postal Service’s Plummeting Cash Position: Key Things To Know
The U.S. Postal Service’s cash position is rapidly deteriorating, making a near-term liquidity crisis increasingly likely. This means mail and package delivery would be disrupted or even grind to halt, among many other problems. The Postal Service has 29 percent less cash than a year ago, losses are accelerating and there are no signs of a business turnaround. The deteriorating cash balance is a loud alarm that Congress should no longer postpone Postal Reform. Paul Steidler has developed this infographic to illustrate these developments.
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