US EditionUSPS Seeks Congress Approval for Stamp Hike and Borrowing Limit Increase
Postmaster General Steiner urges Congress to raise USPS borrowing cap and allow higher postage to prevent cash exhaustion within a year amid a $109 billion loss since 2007.
- On Tuesday, Postmaster General David Steiner will testify before a House Oversight subcommittee, warning that the United States Postal Service faces cash exhaustion within a year without congressional action to raise the $15 billion borrowing cap.
- Since 2007, the agency has reported $118 billion in net losses, driven by mail volume collapsing from 213 billion pieces in 2006 to 109 billion in 2025, eroding revenue from first-class mail.
- Steiner outlined cost-cutting options including ending six-day-a-week deliveries, closing select post offices, and raising first-class stamp prices to over $1.00 from the current $0.78.
- The Government Accountability Office warned lawmakers that the Postal Service's business model is unsustainable, facing billions in new retiree health care expenses by 2031, while Subcommittee Chairman Rep. Pete Sessions questioned agency reliability.
- President Trump is actively seeking to appoint new board members to the Postal Service as lawmakers evaluate whether the 2022 Postal Service Reform Act addressed long-term structural pressures.
33 Articles
33 Articles
Postal Service may be forced to stop deliveries by 2027 amid cash crisis
The U.S. Postal Service may be forced to stop deliveries next year if current trends continue, according to the postmaster general.Postmaster General David Steiner told lawmakers this week that the Postal Service was on track to run out of cash to pay employees and vendors unless major changes were ...
What to know about USPS's dire financial state ahead of oversight hearing
Postmaster General David Steiner will testify before the House for the first time on Tuesday to ask Congress for regulatory relief to keep the United States Postal Service afloat as it navigates dire financial straits. Per his written testimony before the House Oversight Subcommittee on Government Operations obtained by the Washington Examiner, Steiner will seek to raise the $15 billion borrowing cap that Congress instated in 1992. The USPS head…
The Postal Service may be out of cash in 2027 without Congress' help, postmaster says
If it continues business as usual, the U.S. Postal Service is on track to run out of cash for paying its workers and vendors in about a year and may have to stop deliveries, Postmaster General David Steiner told lawmakers this week.The warning is the latest development in longstanding money troubles at USPS — a unique federal government agency that relies on stamps and service fees, not tax dollars, to deliver mail and packages six days a week t…
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