Business

USPS Doesn’t Have Multibillion Surplus

Suzy WoltmannSuzy Woltmann
date
7th September 2020
Last update
date
10:46 pm
29th March 2021
USPS Doesn’t Have Multibillion Surplus
Unrestricted cash is not the same thing as a surplus (Getty Images).

Emerging story

On August 24, 2020, U.S. Representative Darin LaHood said that the United States Postal Office is operating with a "$12 billion surplus.”

The claim, and many similar, soon went viral on social media.

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Misbar’s Analysis

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