Chairman Carper Statement on USPS FY2014 3rd Quarter Financial Statement
WASHINGTON – Today, Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) released the following reaction to the announcement that the U.S. Postal Service lost $2 billion in the third quarter of fiscal year 2014:
“The U.S. Postal Service continues to suffer unsustainable losses that threaten its long-term viability. While the Postal Service showed a modest increase in revenue due to its growing package delivery service and an increase in mail prices, today’s announcement that it lost $2 billion in the third quarter of fiscal year 2014 makes it clear that this American institution remains locked in a downward financial spiral. It also underscores the urgent need for comprehensive postal reform – reform that can only come from Congress. Dr. Coburn and I introduced the Postal Reform Act of 2014, which passed out of Committee by a vote of 9 to 1 earlier this year. Our legislation is a bipartisan and balanced solution to the Postal Service’s financial crisis that would prevent collapse, preserve key postal operations and service standards, protect millions of mailing industry jobs, and enable this critical institution to serve the American public for years to come. I urge my colleagues in the full Senate to take up our bipartisan, comprehensive bill and join our efforts to fix the serious, but solvable challenges facing the Postal Service.”
Read more about the bipartisan Postal Reform Act of 2014 here.