Rep. Kevin McCarthy says Democrats are politicizing the United States Postal Service
Postmaster General Louis DeJoy says he’s suspending USPS reforms until after the election; reaction from House Minority Leader Kevin McCarthy on ‘Lou Dobbs Tonight.’
Postmaster General Louis DeJoy on Tuesday announced a 10-year plan for the U.S. Postal Service that includes longer mail delivery times and cuts to worker hours.
DeJoy announced in his March 11 testimony during a House Financial Services hearing that USPS is facing a $160 billion debt over the next 10 years.
"It is our path to financial sustainability and service excellence," DeJoy said during a Tuesday press conference, adding that he believes the federal entity can be completely financially sufficient, but there is "growing concern" about its sustainability.
He added that USPS lost $9.2 billion in 2020 alone amid the coronavirus pandemic, and its liability costs are exceeding its assets by about $162 billion. If the USPS' problems are not immediately addressed, the service will need a government bailout.