The chief of the U.S. Postal Service (USPS) said at a Board of Governors meeting Friday that the agency faces a “dire” financial position and unless major changes are made to both operations and strategy, the organization will find itself in the throes of a full-blown financial crisis.
Still, postmaster general and CEO Louis DeJoy insisted in Aug. 7 remarks that, despite recent cuts to operating expenses to help the agency shore up its finances, the Postal Service is “not slowing down Election Mail or any other mail.”
