USPS financially imploding as new political scandal emerges | Fox Business

USPS financially imploding as new political scandal emerges | Fox Business:
"The United States Postal Service is under fire Wednesday for allegedly violating the law by allowing its employees to do union-funded activities for Hillary Clinton’s campaign, according to an Office of Special Counsel report obtained by Fox News Opens a New Window.
The OSC claims the USPS workers’ activities violate the Hatch Act, which prohibits federal workers from engaging in certain politically-oriented undertakings.
As the U.S. Postal Service seeks to mediate these new damaging allegations, it is still backlogged with a slew of other financial problems.
Here’s a look at its top challenges.

• Red ink-Expenses at the United States Postal Service have outpaced revenue for the past 10 years. In fiscal year 2016, the federal agency recorded a net financial loss of $5.6 billion and in the year prior, that amount clocked in at $5.1 billion....
• Unfunded liabilities-In addition to mounting financial losses, the Postal Service has more than $120 billion in unfunded liabilities, mainly for retiree health and pension benefits, according to the GAO report..."