Is The Us Postal Service Affected By Government Shutdown

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Authorities Shutdown 2021: Will the Mail service Role Be Open?

With the debt ceiling deadline looming — Treasury Secretary Janet Yellen said yesterday that Treasury is "likely to exhaust its boggling measures if Congress has non acted to raise or append the debt limit by Oct eighteen" — how volition this touch the United States Mail?

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The debt ceiling limits the total amount of money the The states government is authorized to infringe to come across its existing legal obligations, including Social Security and Medicare benefits, armed services salaries, interest on the national debt and tax refunds. It does not authorize new spending commitments. It but allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the by, co-ordinate to the Treasury Secretarial assistant.

Even so, the USPS doesn't receive tax dollars for operating expenses. Information technology funds its operations via the sale of stamp, products and services.

In its 2020 annual financial filing, the USPS said that the Postal Reorganization Act enacted its status equally an "independent establishment of the executive branch of the Government of the United States" with the mandate to offer a "primal service" to the nation "at fair and reasonable rates."

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As such, the filing said, the USPS does not receive tax dollars for operating expenses and relies solely on the sale of postal products and services to fund its operations.

However, another, unrelated development might tedious down the mail in the coming days. Get-go Oct. ane, the Mail service will "implement new service standards for start-class mail service and periodicals," USPS spokeswoman Kim Frum told USA Today in an electronic mail. "With this change, we volition improve service reliability and predictability for customers while as well driving efficiencies across the Postal service network," Frum said.

While first-class mail and periodicals traveling within the same region will continue to exist delivered within two to three days, post traveling long distances will be near afflicted, with additional transit time added for some get-go-class mail and periodicals, according to an announcement.

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The changes to service-standard times are role of the Mail service'south ten-year strategic plan, which was announced past Postmaster General Louis DeJoy in March, USA Today reported. The plan has fatigued heavy criticism from elected officials.

Co-ordinate to an announcement in May, "the Postal Service'southward 10-year program reverses a projected $160 billion in losses over the next 10 years. The Plan volition spur greenbacks flow and savings to make $40 billion in capital investments over the next 10 years — including $20 billion towards USPS' postal service and package processing network, facility upgrades and procurement of new processing equipment."

In addition, starting Oct. iii and continuing through Dec. 26, the Post will implement a "temporary price adjustment for cardinal package products for the 2021 peak holiday season," co-ordinate to an announcement.

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This article originally appeared on GOBankingRates.com: Authorities Shutdown 2021: Will the Mail Part Be Open?

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Is The Us Postal Service Affected By Government Shutdown,

Source: https://finance.yahoo.com/news/government-shutdown-2021-post-office-165750672.html#:~:text=While%20first%2Dclass%20mail%20and,periodicals%2C%20according%20to%20an%20announcement.

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Is The Us Postal Service Affected By Government Shutdown

Due south&P 500

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EUR/USD

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Is The Us Postal Service Affected By Government Shutdown,

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