Yesterday, faced with stiff congressional opposition to its plan to close over 3,600 post offices, the U.S. Postal Service (USPS) blinked. It was hardly a profile in courage on either side, with Members of Congress unable to resist the reverse NIMBYist urge to protect their local post offices at all costs and the USPS not wanting to pick a fight with Congress and put other reforms at risk. By any objective standard, the Postal Service’s plan to close some 3,600 retail branches was a sound one. According to USPS figures, … More
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If you ran a business with $25 billion in losses over the last five years, $20 billion in annual losses projected in the coming years, and 80 percent of its locations losing money, do you think that your company would stay afloat? Should it be rescued with a bailout from its customers? Or should it change its business model, eliminate expenses, and innovate to be competitive in the marketplace? These are the questions facing Congress as it considers what to do about the ever-struggling United States Postal Service (USPS). The … More
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In this week’s Heritage in Focus, regulatory expert James Gattuso discussed the recent news that the U.S. Postal Service is cutting $3 billion in costs in order to stay afloat. Click here to listen. What services will change as a result of the cuts? How will these cuts affect the broader economy? And what’s the proper course of action for the Postal Service to take moving forward? Be sure to listen to hear answers to these questions and more! To get regular updates on Heritage in Focus podcasts, visit our … More
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