President Joe Biden’s latest Postal Service leadership picks are telling lawmakers that Congress, watchdogs and customers will have a seat at the table as the agency keeps going with a 10-year reform plan meant to put it on firmer financial footing.
The Biden administration’s three nominees to serve on the USPS Board of Governors told the Senate Homeland Security and Governmental Affairs Committee that, confirmed, they would ensure USPS prioritizes reliable, on-time mail delivery as it pursues strategies to cut billions of dollars in annual operating costs and bring in more revenue by growing its package business.
USPS reported a $9.5 billion net loss in fiscal 2024, a deeper loss than it’s seen in recent years. It expects to end this fiscal year with a $6.9 billion net loss.