The Postal Service currently has $15.1 billion in cash on hand following a better than expected financial performance during the pandemic due to a surge in package delivery. Rather than being down, The Postal Service's revenue is actually $1.5 billion higher this year than during the same period last year. That said, the long term financial reality of the postal system is bleak and has been bleak for years. The main reason is that first class mail volume has declined dramatically with the advent of the Internet. (01:30–01:38)
CLAIM
Asserts that the Postal Service's revenue increased by $1.5 billion compared to the previous year.
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