How The U.S. Postal Service Fell Into A Financial Blackhole

If the United States Postal Service was a private business, it would have ranked 44th on the 2019 Forbes 500 list. It also hires more than 600,000 employees, third to Amazon and Walmart. But it’s a public service. That means its goal isn’t to meet its bottom line, but to fulfill its duty to provide affordable and reliable mail service in the U.S. So how did USPS’s finances come into the spotlight and why is it in the red? » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How The U.S. Postal Service Fell Into A Financial Blackhole

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