GOA Study Finds More Aggressive Steps Needed to Make USPS Viable

WASHINGTON, DC—04/12/10—The U.S. Government Accountability Office (GAO) today released its own report on the financial viability of the U.S. Postal Service. It's central finding was that the "USPS’s business model is not viable due to USPS’s inability to reduce costs sufficiently in response to continuing mail volume and revenue declines." It further noted that "USPS’s new business plan recognizes immediate actions are needed, but USPS has made limited progress on some options, such as closing facilities."