WASHINGTON (Reuters) – A U.S. House of Representatives committee will hold a Dec. 10 hearing on the U.S. Postal Service, which warned last month that it must continue to cut costs or will remain on the path to either a “government bailout or the end of this great organization as we know it.”
The House Oversight Committee will hold a hearing with Postmaster General Louis DeJoy, which said “many families and small businesses around the country are still experiencing poor USPS service, resulting in unacceptable delays.” Last month, USPS reported a net loss of $9.5 billion for its fiscal year ending Sept. 30, a $3 billion bigger loss than last year.
Source: Economy - investing.com
