Today’s Hearing with the Commissioners of the Postal Regulatory Commission

The situation facing the U.S. Postal Service is a “five-alarm fire,” the Postal Regulatory Commission told a congressional panel Thursday, meaning redefined expectations more than money could fix the problem.

The Postal Service was designed to be self-funded, but has not reported annual profits for roughly the past decade, Commissioner Ann Fisher told the House Government Operations Subcommittee.

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