Chairman Carper Statement on Latest USPS Financial Losses

For 7th Consecutive Year USPS reports multibillion dollar loss

WASHINGTON – Today, Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) released the following reaction to the announcement that the U.S. Postal Service lost over $5 billion in the fiscal year, 2013:

“Today’s announcement that the U.S. Postal Service lost over $5 billion in the fiscal year 2013 is troubling and, unfortunately, not surprising,” said Chairman Carper. “This is the seventh consecutive year that the Postal Service has reported a significant and unsustainable loss.  The sad truth is that the Postal Service continues to hemorrhage money and these losses threaten the long-term viability of this critical institution. As I’ve said time and time again, the only solution to this mess is for Congress and the Administration to come together on legislation that provides comprehensive and long-term reform. We need to right-size and modernize the Postal Service so it can thrive into the future. I remain committed to working closely with Dr. Coburn, members of our Committee, stakeholders and the Administration to find a bipartisan solution that lasts. It is critical that we complete the difficult work ahead of us and find a solution to the Postal Service’s serious but solvable financial crisis as soon as possible. Today’s financial report should underscore that sense of urgency. We can’t afford to wait any longer.”