The head of the U.S. Postal Service (USPS) on Friday said the agency faces a "dire" financial position even as it posted a slightly narrower third-quarter loss amid soaring package demand during the coronavirus pandemic. Postmaster General Louis DeJoy said USPS has a "broken business
David ShepardsonWASHINGTON - The head of the U.S. Postal Service on Friday said the agency faces a"dire" financial position even as it posted a slightly narrower third-quarter loss amid soaring package demand during the coronavirus pandemic.
USPS said quarterly revenue rose to $17.6 billion, up $547 million. The quarterly net loss shrank to $2.2 billion from $2.3 billion in the same quarter last year. Democrats in Congress Friday, including Senators Elizabeth Warren, Gary Peters and Tom Carper asked the USPS inspector general to probe changes made during DeJoy's tenure that they say have slowed deliveries and potentially threaten 2020 ballot deliveries.
"We are not slowing down election mail or any other mail," DeJoy, a Trump supporter, said Friday at a USPS board meeting.
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