The Postal Service no longer teeters on the brink of a crisis. Postmaster General Louis DeJoy is trying to keep it that way.
USPS no longer finds itself in the same dire shape it was in at the height of the COVID-19 pandemic. When DeJoy took office in June 2020, the agency was on track to lose $20 billion that year, and stood less than two months away from running out of cash to operate.
The agency, even with some financial intervention from Congress — $10 billion in emergency pandemic funds and $3 billion in the Inflation Reduction Act to purchase more electric delivery vehicles and charging stations — is still far from fully digging itself out from its long-term financial challenges.
But DeJoy, sitting at a conference room table at his USPS headquarters office, is talking about what it’ll take for the organization to not just survive, but thrive.