New York (CNN Business) Lawmakers on Saturday are expected to vote on a bailout for the US Postal Service, which, on paper, has been posting huge losses for years. Profitability factors in the costs of doing business, and in the case of the Postal Service, those costs are significant. The rule took effect in 2007, just before the start of the Great Recession, when the Postal Service was still reporting profits. Instead they use the USPS health care policies as their primary insurance, rather an as supplemental insurance. "This is the Postal Service.

Source: CNN August 22, 2020 14:01 UTC