Senator Carper Statement on U.S. Postal Service Financial Losses

WASHINGTON – Today, Senator Tom Carper (D-Del.), ranking member of the Homeland Security and Governmental Affairs Committee, released the following reaction to the announcement that the U.S. Postal Service lost $754 million in the first quarter of fiscal year 2015: 

“Today’s financial report shows that even a prosperous package delivery service and record holiday delivery season can’t bring the U.S. Postal Service out of its downward financial spiral. The hard reality is that the Postal Service continues to suffer unsustainable losses that threaten its long-term viability and is unable to raise enough revenue to cover its costs. While Postal Service leadership has done what it can to cut costs, keep prices competitive, and right-size the enterprise, the ailing agency needs comprehensive postal reform. It is critical that Congress works together to pass a bipartisan and comprehensive bill as soon as possible.  This news should underscore that sense of urgency. I look forward to working with my colleagues to build on the significant progress Dr. Coburn and I made on postal reform last Congress and renew our efforts to fix the serious, but solvable challenges facing the Postal Service.”