US House to hold oversight hearing on struggling Postal Service
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U.S. Postmaster General Louis DeJoy poses for a portrait in his office at the U.S. Postal Service Headquarters in Washington, U.S., April 20, 2022. Picture taken April 20, 2022. REUTERS/Leah Millis/File Photo
WASHINGTON (Reuters) - A U.S. House of Representatives committee will hold a Dec. 10 hearing on the U.S. Postal Service, which warned last month that it must continue to cut costs or will remain on the path to either a "government bailout or the end of this great organization as we know it."
The House Oversight Committee will hold a hearing with Postmaster General Louis DeJoy, which said "many families and small businesses around the country are still experiencing poor USPS service, resulting in unacceptable delays." Last month, USPS reported a net loss of $9.5 billion for its fiscal year ending Sept. 30, a $3 billion bigger loss than last year.
(Reporting by David Shepardson; Editing by Leslie Adler)
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