The Postal Service Reform Act of 2022, a bipartisan effort, has provided significant financial relief to the USPS, saving it nearly $60 billion and promising further savings in the future. Additionally, in 2020, Congress allocated $10 billion in direct appropriations to the USPS. Thanks to this congressional support, the financial outlook for the USPS improved notably between 2020 and 2022. The USPS reported a loss of $9.2 billion in 2020, reduced to $4.9 billion in 2021, followed by a remarkable one-time net income of $57 billion in 2022. However, after a new postage rate-setting framework was introduced, allowing for much higher rate increases, the negative impacts began to surface in 2023.
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