Earlier this month, a bipartisan group of House lawmakers released the 2016 Postal Service Reform Act. Republicans and Democrats have often failed to find agreement on postal reform, which has led to a decade-long stalemate to fix problems at the agency. But the latest piece of legislation is expected to make its way to the House floor by mid-July, and the Senate is expected to take up its version of the bill later this year.

WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) expressed concern about the continuing financial death spiral of the United States Postal Service (USPS).   Today’s reported second quarter loss of $2 billion indicates that it’s business as usual when it comes to USPS’s fiscal predicaments. The $2 billion loss for this period adds to the mountain of debt that the Postal Service has amassed.  USPS has lost $36.6 billion in the last five years and has $116 billion more in unfunded liabilities on its books when also taking into account a $15 billion liability with the U.S. Treasury.  As a part of this, USPS is neglecting to pay its $1.4 billion retiree benefits payment for the quarter despite the agency’s legal obligation to do so.  TPA is also concerned that taxpayers will be asked to bail out the agency should their financial situation worsen, which becomes an even greater possibility with each multi-billion dollar quarterly loss.

Watch TPA President David Williams as he joins WJLA’s ‘Capital Insider’ to discuss much needed and long overdue reforms that the U.S. Postal Service should move on in the coming year.

Taxpayers Protection Alliance wants the USPS to remain focused on their stated mission of ensuring mail is delivered and to stay away from new initiatives that infringe on the free market and will cost taxpayers!

(Washington) – Today, the U.S. Postal Service (USPS) released its financial results detailing a loss of $5.1 billion for the 2015 fiscal year. As a continuation of the Postal Service’s financial meltdown, this year marks its ninth consecutive year-end loss of more than a billion dollars.