Statement·other·said 2020-08-23
“USPS currently has the most cash on hand in its history, approximately $15 billion.”
Proof of utterancewhere they said it
No source recorded.
Verdict
Trueby PolitiFact
2020-09-16Reasoning
PolitiFact rated this Mostly True. As of August 12, 2020, USPS held about $14.2 billion in cash — the highest level since records begin in 2004. PolitiFact could not verify the "in its history" framing because data only extends back 16 years, and the agency continued running significant losses despite the high cash balance.
Proof of outcomewhat backs the verdict