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Cummings Issues Statement on the Postal Service Annual Financial Statement

Nov 15, 2013
Press Release

Washington, D.C.—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to an announcement this morning from the Postal Service reporting a net loss of $5 billion for FY 2013:

"Despite an annual loss of $5 billion, the Postal Service has been working to improve its financial condition through innovative business opportunities, like its agreement with Amazon to deliver packages on Sunday, but the only way the Postal Service will be put on a sustainable fiscal path for the future is if Congress enacts bipartisan, comprehensive reform legislation that enables it to continue to innovate and offer services that will meet the needs of a changing marketplace.”

113th Congress