Money-Losing Post Office Could Pave Way for Highway Funding

Raising the U.S. gasoline tax is out as a way to shore up the Highway Trust Fund. So is taxing drivers based on the number of miles they clock. A plan to use taxes on companies’ overseas profits hasn’t gone anywhere.

So House Republicans are now turning to the money-losing U.S. Postal Service.

The Postal Service lost $1.9 billion in the quarter ending March 31 while the fund supporting the nation’s highways, bridges and transit may run short of money to pay its bills as soon as July, according to the U.S. Transportation Department.