Inflation is going to add over $1 billion to the U.S. Postal Service budget, necessitating a request for another rate increase in January, but the service is well prepared for the November election, Postmaster General Louis DeJoy said Tuesday.
The Postal Service has already delivered about 40 million ballots to and from voters along with a total of 550 million COVID-19 test kits, Postmaster General Louis DeJoy said.WASHINGTON —
“Americans should be confident that the United States Postal Service is well prepared and will provide extraordinary services in these coming November elections,” he told the Board of Governors.Third quarter results for the first time reflected a sweeping congressional overhaul — leading to a non-cash benefit of nearly $59.6 billion. But DeJoy cautioned against reading too much into the one-time benefit, without which the Postal Service would've suffered an adjusted loss of $459 million.
The quarterly results were the first to reflect an overhaul signed into law by President Joe Biden in April. Several members of the public who spoke at the meeting implored governors to increase the number of electric next-generation delivery vehicles and to ensure that union workers build them.
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