US Postal Service Leader Louis DeJoy Announces Resignation Amid Financial Struggles

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Louis DeJoy, the U.S. Postmaster General since 2020, has requested the U.S. Postal Service (USPS) governing board to begin the search for his successor, as reported on February 18, 2025. DeJoy's announcement comes on the heels of significant financial challenges faced by the USPS, which has recorded losses exceeding $100 billion since 2007. In a stark warning last November, DeJoy stated the agency could be headed for a government bailout or risk extinction without further cost-cutting measures.

Under DeJoy's leadership, USPS has initiated a 10-year restructuring plan aimed at mitigating predicted losses of $160 billion over the upcoming decade. The agency currently anticipates lowering those projected losses to $80 billion. Despite efforts to modernize operations and invest in electric vehicles—as part of a $3 billion allocation from Congress—the USPS continues to face declining mail volumes, with first-class mail usage plummeting 80% since 1997.

DeJoy's tenure has been marked by controversy, attracting criticism from Congress regarding plans to consolidate processing networks.

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