The U.S. Postal Service (USPS) needs to scrap its financial projections in the 10-year Delivering for America (DFA) strategic plan and take a hard, comprehensive look at how it does financial forecasting. Its recent projections have been way off.
New projections are important to the U.S. Congress, which has provided more than $120 billion in assistance to USPS since 2020. The U.S. Government Accountability Office, Congress’s nonpartisan, independent auditor, and the Postal Regulatory Commission will also be able to perform their oversight duties of USPS more effectively with such information.
Lexington Institute’s Paul Steidler discusses this in an Op-Ed in FEDweek here.
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