It’s no secret the Post Office has been in financial trouble for years, a fact that has been politicized by President Donald Trump in the lead up to the 2020 presidential election.
The institution wasn’t spared from the impact of the Covid-19 pandemic. Thanks to a lifeline from the U.S. Treasury and better-than-expected sales, the U.S. Postal Service has enough cash to get through mid-2021.
Still, government watchdogs and private consultants warn it’s on a path to financial collapse, with unknown consequences.