Scanning snapshot. People with disabilities, those who live in rural areas that can't support a pharmacy, and more than 330,000 veterans also receive their medications through the mail. So, what is there to do to help this crucial federal organization? Story by Oliver Effron, CNN BusinessVideo by John General, CNN Business. Fighting back. 08/15/2020 mediabest World News. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Marine officials declined to comment on when the review is expected to be complete or what changes could result. AND WE WON," Paxton tweeted. "If we're going to use reconciliation, we have to go forward with it pretty soon, but that doesn't prevent a negotiated package as well," said House Budget Chairman John Yarmuth (D-Ky.). Leaders reportedly discussed Ukraine tensions, a massive cyberattack and Russia’s poisoned opposition leader, The new Biden administration has yet not disclosed the secrets of Area 51 or explained what the Air Force really knows about UFOs, but it did clarify, at least, the mystery of the vanished "Diet Coke button" former President Donald Trump would use to summon refreshments in the Oval Office. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. USPS has lost $69 billion over the past 11 fiscal years—including $3.9 billion in fiscal year 2018. The Post Office’s problems are business-wide, because its expenses keep exceeding revenues. Ms Polyakova arrived at her house but was not allowed in to witness the search, a clear violation of the Russian law,she told the Dozhd TV channel. The USPS is facing financial setbacks made worse by the coronavirus pandemic -- as well as fears of disenfranchisement with more and more COVID-19 … Since then, overtime has been cut for postal service workers; a hiring freeze has been implemented; mail has been delayed; and suspiciously, letter collection boxes have been removed without explanation. Published Fri, May 22 2020 7:00 AM EDT Updated Fri, May 22 2020 7:19 AM EDT. USPS, by … Masked police on Wednesday afternoon broke down the door of Mr Navalny’s rented flat despite the pleas from his wife who was inside, asking for her lawyer, Veronika Polyakova. In the first quarter of 2020, the USPS reported even higher losses at $4.5 billion and warned that their earnings would continue to fall … Senate Budget Committee Chairman Bernie Sanders (I-Vt.) disagreed. Sudan's civilian government has said the deal to normalise relations with Israel can only take effect once approved by a transitional legislative council that is yet to be formed. In the Miami hearing, a federal prosecutor, a Federal Bureau of Investigation agent and Tarrio’s own lawyer described his undercover work and said he had helped authorities prosecute more than a dozen people in various cases involving drugs, gambling and human smuggling. His Dog Stared At The Wall, Look what he found... 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The United States Postal Servicehas been in financial trouble for some time now, reporting $8.8 billion in losses in 2019, and the COVID-19 pandemic has only added to its woes. Biden's package includes $1,400 direct payments, a hike in the child tax credit, an extension of emergency jobless benefits set to expire March 14, billions for vaccine distribution and schools, and a $15 national minimum wage, among other provisions. The USPS delivers everywhere in the U.S., which is something you cannot say for other private delivery services. Contact your friends and family, post about the USPS on your social media channels (here are some handy digital flyers you can use), and help gather more people to help out the USPS. Power player. But O’Rourke says, at the encouragement of the president, Congress created this problem on their own. Posted on May 16, 2019. New stamps. Link home Current stories. With fears that changes at the USPS are connected to President Trump's false argument that voting by mail leads to fraud - Trump confirmed he's blocking funding to the USPS to stop mail-in-voting when speaking to Fox News on Aug. 13 - and with the USPS already warning some states that it might not be able to deliver ballots on time, calls to save the USPS and protests against its restructuring have widely spread to guarantee that the election proceeds democratically. Why it matters: The populist "Buy American" message sounds good, but the vehicles Biden wants are still several years away and his purchase criteria would require an expensive overhaul of automakers' manufacturing strategies, not to mention a reversal of fortune for labor organizers long stymied by Tesla and other non-union companies.Support safe, smart, sane journalism. We can save the USPS if we all work together, so it's extremely important that everyone knows what's at stake. By PYMNTS. And it has cited that reason when it announced staff reductions -- about a quarter of its workforce, or 150,000 postal jobs, will be eliminated by 2016 -- as well as when it talked about closing post offices and when it proposed … Just 24% of the content is considered domestic. https://www.cbsnews.com/news/financial-losses-pile-up-for-postal-service But it’s not true that soaking Amazon would, per se, provide the Postal Service with a way out of its financial problems. USPS tops The Harris Poll Essential 100 in COVID-19 response; WASHINGTON - The U.S. Believe it or not, the USPS has not been receiving taxpayer money since 1982. This makes the agency especially important for people living in rural communities or in poverty - meaning if the agency was to go bankrupt, these communities would be hit the hardest. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Given the growing gap between revenues and expenses, USPS's business model and its ability to remain self-financing may be in jeopardy. Enrique Tarrio, the leader of the Proud Boys extremist group, has a past as an informer for federal and local law enforcement, repeatedly working undercover for investigators after he was arrested in 2012, according to a former prosecutor and a transcript of a 2014 federal court proceeding obtained by Reuters. Masked and answered. The Problems With Postal Banking . One problem is the USPS must charge the same price for first-class mail delivery anywhere in the country, no matter how remote. Yet even if one wished away these employee compensation costs, the USPS still has not been able to keep revenues above costs. 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