this post was submitted on 05 Jun 2026
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US Postal Service no longer in immediate cash crisis, regulators say (www.newschannel5.com)
submitted 3 weeks ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works
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Regulators told lawmakers that an April decision to temporarily suspend some payments into a retirement fund has significantly improved the agency’s finances. The move is expected to free up about $2.5 billion this fiscal year.

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[–] turtlesareneat@piefed.ca 1 points 3 weeks ago (1 children)

If that's the case why did they create it as a government service? Why didn't Benjamin Franklin just start a nice private corporation to do it? He could have made some money along the way being a shareholder.