(NEWSER) – Inflation is going to add over $1 billion to the US Postal Service budget, necessitating a request for another rate increase in January, but Postmaster General Louis DeJoy says the service is ready for the November election.
The Postal Service has already delivered about 40 million ballots to and from voters along with a total of 550 million COVID-19 test kits, DeJoy said Tuesday, the AP reports. “Americans should be confident that the United States Postal Service is well prepared and will provide extraordinary services in these coming November elections,” he told the Board of Governors.
Third-quarter results for the first time reflected a sweeping congressional overhaul—leading to a non-cash benefit of nearly $59.6 billion. But DeJoy cautioned against reading too much into the one-time benefit, without which the Postal Service would’ve suffered an adjusted loss of $459 million.