U.S. Postal Service Hearing Announcement

Date: Dec. 10
Location: Washington, D.C.

A U.S. House of Representatives committee will hold a hearing on the U.S. Postal Service (USPS), which warned that it must continue to cut costs to avoid a potential government bailout or collapse.

Key Points

• The House Oversight Committee hearing will feature Postmaster General Louis DeJoy.
• USPS is experiencing criticism for poor service quality affecting families and small businesses.
• Recently reported a net loss of $9.5 billion for the fiscal year ending Sept. 30, which is $3 billion larger than the previous year's loss.