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Possible Answers:
USPS.
Last seen on: Daily Boston Globe Crossword Friday, 22 December 2023
Random information on the term “USPS”:
The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020. The delays have had substantial legal, political, economic, and health repercussions.
On August 18, 2020, under heavy political and legal pressure, DeJoy announced that he would be “suspending” the policy changes until after the November 2020 election. He testified to the Senate on August 21, and to the House of Representatives on August 24, concerning the changes and their effects.
Financial relief later arrived in the Postal Service Reform Act of 2022, signed by President Joe Biden.
The USPS has had a history of budget deficits dating back to a 2006 law requiring it to prepay retiree health benefits 75 years in advance, a provision to which no other government agency or private corporation is subject. This law, the Postal Accountability and Enhancement Act, was passed during a lame-duck session, and shepherded through the Senate by Senator Susan Collins of Maine. According to Tom Davis (the bill’s sponsor), the Bush administration threatened to veto the legislation unless they added the provision regarding funding the employee benefits in advance with the objective of using that money to reduce the federal deficit. The agency’s struggles were compounded by the financial crisis of 2007–2008 and subsequent recession, which caused overall mail volume to fall by one-third, and again by the COVID-19 pandemic and its economic effects.