Who owns the U.S. Post Office?

Answer

Although the United States Postal Service operates like a private business, it is a branch of the federal government. A board of governors and the Postmaster General head the USPS with the assistance of the Postal Regulatory Commission. Final authority over the Postal Service rests with Congress.

According to the Cato Institute's Downsizing the Federal Government website, the USPS operates on revenues from the sales of its products, such as stamps, packaging materials and envelopes, as well as its services, including overnight delivery. Despite being owned by the federal government, the organization does not receive federal appropriations. After Wal-Mart, a private corporation, the USPS is the second-largest employer in the United States. The USPS is required by statute to offer mail service to all Americans regardless of where they live or what it costs to provide the service. Since the advent of email and other forms of electronic communication, the Postal Service has experienced steadily declining revenues.

On its official website, the USPS notes that it was transformed into an independent establishment of the federal government's executive branch in 1971. At that time the Postmaster General was no longer considered part of the president's Cabinet. Although the structure of the entity changed that year, its mission of serving all Americans with basic mail delivery remained the same.

Q&A Related to "Who owns the U.S. Post Office?"
The U.S. Postal Service is owned and operated by the federal government of the United States. The Postmaster General is the head of operations of the U.S. Postal Service. For more
http://www.ask.com/web-answers/Society/Government_...
Individual post offices are run by a local postmaster. These individuals are responsible for the day-to-day operations of their locations. The Postal Service's Board of Governors
http://www.ehow.com/facts_7222715_runs-post-office...
The United States Postal Service (also known as USPS, the Post Office or U.S. Mail) is
http://www.chacha.com/question/who-owns-the-us-pos...
The actual answer is that all Americans have a stake and therefore ownership of the USPS. The USPS is completely funded by our purchase of stamps. The delivery of mail is provided
http://answers.yahoo.com/question/index?qid=200706...
1 Additional Answer
Ask.com Answer for: who owns the post office
Who Owns the Post Office?
The "Post Office," or the United States Postal Service, is owned by the United States Federal Government. It is classified as an "independent establishment of the executive branch of the Government of the United States" and operates independently of... More »
Difficulty: Easy
Source: www.ehow.com
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