‘First Class’ Review: Undeliverable Objectives

In 2021 the United States Postal Service booked a $4.9 billion net loss. The USPS also reports that it has more than $120 billion in unfunded liabilities in pensions, retiree health benefits and other debts. To conserve cash, the agency has quit making payments on some of these obligations, and its perennial deficits likely portend a default…. (Read more)