The United States Postal Service (USPS) was already struggling financially and the current coronavirus pandemic has made things worse with it. But the administration of Donald Trump has not yet shown any signs that it would ask for emergency aid like it has done for some of its bug businesses. A digital briefing was held before the House Oversight Committee last week when Postmaster General Megan Brennan has informed the lawmakers that it would run out of cash by the end of the financial year in September, 2020 if it did not receive any help from the administration or Congress.
The US Postal Service has suffered extreme loses due to the COVID-19 pandemic. It has faced a dramatic reduction in mails. The Postal Service being an independent agency of the executive branch has said that it would anticipate a revenue loss of $13 billion due to coronavirus pandemic during the financial year apart from a $54.3 billion additional losses that it has faced in the past ten years. Brennan added that the Postal Service depends on sale of its postal products along with the services and the sales have dramatically gone down in recent times due to the pandemic.
Its mail service used to be one of its profitable revenue system but it has faced a sudden drop and there are seldom chances that it would recover any time soon. The postmaster general added that despite the current drop and the risk of infection everywhere, the postal workers continue with their duties. Many of the postal handlers continue to deliver mails that come under the essential service providers at a point when the state has ordered a stay-at-home.
A spokesperson for USPS has revealed that 630,000 of its postal workers have tested positive for the virus and many of them have died. The number of infected workers are increasing steadily but the agency is providing millions of gloves and masks for the workers and have also implemented social distancing practice inside the post office.
Photo Credits: Pixabay
American space craft company Virgin Galactic is ready to take the first set of space…
Post-partum depression has been one of the most common problems among women and unfortunately has…
Exercise has always been the best way to maintain physical as well as mental health.…
While it is a good habit to look after your body with the help of…
Fruits have their own nutrients which are essential for the body. While their consumption is…
When you look around yourself, you will find people who might be successful as well…