Who really owns the US Postal Service?

the United States federal government
The United States Postal Service (USPS; also known as the Post Office, U.S. Mail, or Postal Service) is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, including its insular areas and associated states.

What is the goal of the USPS?

The Postal Service’s mission is to provide the nation with reliable, affordable, universal mail service. The basic functions of the Postal Service were established in 39 U.S.C. § 101(a): “. . . to bind the Nation together through the personal, educational, literary, and business correspondence of the people.

How does a post office make money?

Yes, USPS make money whenever they take part of the distribution network chain to deliver your package. The United Stated Postal Service has a model for how they charge other shipping companies and carriers. The same goes for when you send a package internationally from the USA.

Is Louis DeJoy still postmaster general?

Postmaster General Louis DeJoy is a Trump-era appointment through and through — corruption, straw donor scandals, conflicts of interest. …

Are postal workers federal agents?

Postal Inspectors are federal law enforcement agents responsible for enforcing more than 200 federal statutes involving crimes against the United States Postal Service, the U.S. Mail and its customers. 2.

How does the post office make money?

How is the Postal Service financed? The Postal Service receives no direct taxpayer funds. It relies on revenues from stamps and other service fees.

What is the USPS motto?

Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds. While the Postal Service has no official motto, the popular belief that it does is a tribute to America’s postal workers.

Why is the post office so important?

The post office provides an important public service. To our country’s founders, the Postal Service’s social and civic purpose—connecting people to each other and fostering a well-informed citizenry—were as or more important than its economic benefits.

How in debt is the USPS?

Further, at the end of fiscal year 2020, USPS’s total unfunded liabilities and debt were $188 billion—more than 250 percent of its annual revenue. These unfunded liabilities included about $75 billion in underfunding of retiree health care benefits, and about $61 billion in underfunding of pension benefits.

How much does Postmaster General Louis DeJoy have?

“Trump’s Postmaster General Louis DeJoy and his wife have between $30.1 million and $75.3 million in assets in U.S. Postal Service competitors and contractors,” reads the meme’s statement. “The man Trump put in charge of OUR Postal Service has the most to gain from its destruction.”

Did USPS ethics officials clear DeJoy’s company leases?

USPS ethics officials have cleared DeJoy’s company leases to XPO, the Postal Service Inspector General reported, and USPS spokesperson Jeffery Adams noted to the Post they have also been disclosed in DeJoy’s public financial records.

How much do DeJoy and WOs own from postal service competitors?

Together, DeJoy and Wos may claim up to a total $75,815,000 in assets from U.S. Postal Service competitors, according to government records. USA TODAY has reached out to Wos for comment.

Who is Louis DeJoy and what does he do?

Its board of governors appointed North Carolina businessman and Trump campaign donor Louis DeJoy to the helm after U.S. Postal Service career veteran Megan Brennan retired earlier this year. DeJoy began his new role in June during a time of financial hardship for the Postal Service.