May 9, 2020

The United States Postal Service Is On The Brink Of Collapse, Will Fail By June Without Bailout

The USPS was already on the verge of closing before the epidemic, now the current economic conditions has forced the USPS into a circumstance where it may have to close down by June without a bailout from the Government.

FORTUNE.COM – “With a negative net worth of $65 billion and an additional $140 billion in unfunded liabilities, the USPS originally expected to run out of liquidity by 2021 without intervention. That has accelerated rapidly because of COVID-19. Fewer people and businesses are sending mail because of the outbreak, which could hasten the decline of the Postal Service and close its doors as early as June, officials warned.”