{"id":24968,"date":"2018-12-04T15:44:44","date_gmt":"2018-12-04T20:44:44","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=24968"},"modified":"2018-12-04T15:58:26","modified_gmt":"2018-12-04T20:58:26","slug":"postal-task-force-releases-report","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2018\/12\/04\/postal-task-force-releases-report\/","title":{"rendered":"Postal Task Force Releases Report"},"content":{"rendered":"

Washington<\/strong> – U.S. DEPARTMENT OF THE TREASURY – 12\/04\/18 – The U.S. Department of the Treasury today released the Task Force report on the United States Postal System.\u00a0 The report,\u00a0United States Postal System: A Sustainable Path Forward<\/em><\/a>, provides a series of recommendations to overhaul the United States Postal Service\u2019s (USPS) business model in order to return it to sustainability without shifting additional costs to taxpayers.<\/p>\n

\u201cThe USPS is on an unsustainable financial path which poses significant financial risk to American taxpayers,\u201d said Treasury Secretary Steven T. Mnuchin. \u201cPresident Trump tasked us with conducting a thorough evaluation of the USPS, and today\u2019s report contains achievable recommendations that fulfill the President\u2019s goal of placing the USPS on a path to sustainability, while protecting taxpayers from undue financial burdens and providing them with necessary mail services.\u201d<\/p>\n

Between fiscal year (FY) 2007 and FY 2018, the USPS experienced net losses totaling $69 billion. The USPS is forecast to lose tens of billions of dollars over the next decade. The USPS\u2019s business model\u2014including its governance, product pricing, cost allocation, and labor practices\u2014must be updated in light of its current operating realities.\"\"<\/p>\n

On April 12, 2018, President Trump issued the\u00a0Executive Order on the Task Force on the United States Postal System<\/a>. The Executive Order established a Task Force on the United States Postal System, chaired by the Secretary of the Treasury and including the Director of the Office of Management and Budget and the Director of the Office of Personnel Management.\u00a0 The Task Force was directed to evaluate the operations and finances of the USPS and to develop recommendations for administrative and legislative reforms that will enable the USPS to create a sustainable business model.<\/p>\n

\u00a0The Task Force\u2019s recommendations include, but are not limited to:<\/p>\n