The USPS is a $71 billion enterprise that collects, processes, transports, and delivers 146 billion pieces of mail and packages to nearly 159 million households and businesses annually.The mission of the USPS is broadly defined via the “universal service obligation”(USO), which is intended to ensure that all citizens and businesses in the United States receive a minimum level of postal services at a reasonable price. The USPS has been losing money for more than a decade and is on an unsustainable financial path. The USPS is forecast to lose tens of billions of dollars over the next decade. Further, as of the end of FY 2018, the USPS balance sheet reflects $89 billion in liabilities against $27 billion in assets–a net deficiency of $62 billion. The shift toward digital correspondence and the corresponding decline in USPS mail volumes have been compounded by caps on mail pricing, leading to mail revenue declines of around 4 percent per year. Additionally, the USPS has not been able to sufficiently reduce costs to offset declines in revenue, resulting in net losses totaling $69 billion between FY 2007 and FY 2018…”