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EagleDog  
#1 Posted : Thursday, June 25, 2020 10:28:04 AM(UTC)

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U.S. Postal Service retreats from dire financial forecast
Jun 25, 2020

The United States Postal Service has officially retreated from its dire financial forecast saying that it would be out of cash by June.

The new forecast, given to mailer associations June 22, is actually two forecasts, according to Stephen Kearney, executive director of the Alliance of Nonprofit Mailers.

One calls for the USPS to run out of gas in March 2021 and the other in October 2021.

Both are a far cry from the predictions of Democrats in the House of Representatives who warned that the Postal Service’s financial demise was imminent, as soon as June.

Kearney disclosed the new forecast in an alert bulletin to his members, saying the USPS “essentially said ‘never mind’ ” about its earlier projections of financial doom this summer.

However he noted that “The finance leaders of USPS today said several times that, ‘It’s a question of when, not if, we will run out of cash.”

House Republicans had begun warning that the USPS forecast was wrong and urged their Democratic colleagues to seek a revision.

The Postal Service’s team “Forecast 1,” which calls for cash to be exhausted in March 2021, assumes packages will go back to pre-COVID-19 levels and the agency’s pandemic-related losses will amount to $17 billion in 2020 and 2021.

“Forecast 2,” which assumes USPS cash will last until October 2021, assumes the pandemic-related losses in 2020-21 will be limited to $7 billion.

https://www.linns.com/ne...-dire-financial-forecast

Southernclerk  
#2 Posted : Monday, June 29, 2020 11:33:51 AM(UTC)

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The old PMG had it at January 2020, before the June 2020 date. Got to give the new PMG time with new Board to get their game plan. And I imagine politics is in the mix too.
thanks 1 user thanked for this useful post.
postalvet on 6/29/2020(UTC)
postalvet  
#3 Posted : Monday, June 29, 2020 12:01:26 PM(UTC)
postalvet

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Originally Posted by: EagleDog Go to Quoted Post
U.S. Postal Service retreats from dire financial forecast
Jun 25, 2020

The United States Postal Service has officially retreated from its dire financial forecast saying that it would be out of cash by June.

The new forecast, given to mailer associations June 22, is actually two forecasts, according to Stephen Kearney, executive director of the Alliance of Nonprofit Mailers.

One calls for the USPS to run out of gas in March 2021 and the other in October 2021.

Both are a far cry from the predictions of Democrats in the House of Representatives who warned that the Postal Service’s financial demise was imminent, as soon as June.

Kearney disclosed the new forecast in an alert bulletin to his members, saying the USPS “essentially said ‘never mind’ ” about its earlier projections of financial doom this summer.

However he noted that “The finance leaders of USPS today said several times that, ‘It’s a question of when, not if, we will run out of cash.”

House Republicans had begun warning that the USPS forecast was wrong and urged their Democratic colleagues to seek a revision.

The Postal Service’s team “Forecast 1,” which calls for cash to be exhausted in March 2021, assumes packages will go back to pre-COVID-19 levels and the agency’s pandemic-related losses will amount to $17 billion in 2020 and 2021.

“Forecast 2,” which assumes USPS cash will last until October 2021, assumes the pandemic-related losses in 2020-21 will be limited to $7 billion.

https://www.linns.com/ne...-dire-financial-forecast



if you did not believe what the post office said before

why do you believe what they put out now?



.
Postal retired 38yrs Just Sayin' Black Live's Matter #dumptrump2020 wear your mask
thanks 1 user thanked postalvet for this useful post.
Gordon Craig Massengill on 6/29/2020(UTC)
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