The U.S. Postal Service's Financial Condition: A Primer Metadata

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Title

  • Main Title The U.S. Postal Service's Financial Condition: A Primer

Creator

  • Author: Richardson, Daniel J.
    Creator Type: Personal
    Creator Info: Research Assistant

Publisher

  • Name: Library of Congress. Congressional Research Service.
    Place of Publication: Washington D.C.

Date

  • Creation: 2014-09-22

Language

  • English

Description

  • Content Description: This report discusses the significant financial challenges facing the U.S. Postal Service (USPS). After running modest profits from FY2003 through FY2006, the USPS lost $45.6 billion between FY2007 and FY2013. Since FY2011, the USPS has defaulted on $16.7 billion in payments to its Retiree Health Benefits Fund (RHBF). The agency reached its $15 billion borrowing limit in FY2012 and did not reduce its total debt in FY2013. In October 2012, the USPS bolstered its liquidity by withdrawing all of the cash from its competitive products fund. This fund has not been replenished since that time.

Subject

  • Legislative Indexing Vocabulary: Postal service
  • Legislative Indexing Vocabulary: Postal rates and revenues
  • Legislative Indexing Vocabulary: Debt

Coverage

  • Place Name: United States

Collection

  • Name: Congressional Research Service Reports
    Code: CRSR

Institution

  • Name: UNT Libraries Government Documents Department
    Code: UNTGD

Resource Type

  • Report

Format

  • Text

Identifier

  • CRS Report Number: R43162
  • Accession or Local Control No: R43162_2014Sep22
  • Archival Resource Key: ark:/67531/metadc463322
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