Five Charts Show the Grim Financial Condition of the U.S. Postal Service

Source: Government Accountability Office

The Postal Service has a total debt of around $120 billion, according to the Government Accountability Office (GAO). That is an immense sum, particularly for an organization that shows little capacity to generate the revenues required to fund itself. The Postal Service presently does have $10 billion in cash, so it certainly can minimally service its debt. But it has in recent years failed to pay towards its retiree health benefits obligations….(Read more)