Could Your Mail Really Stop?
4 Articles
4 Articles
Could your mail really stop?
You may not get any Christmas cards this year. Or bills. Or junk mail. The U.S. Postal Service is once again warning it’s in real trouble, and this time, they’re not whispering. You want to see someone speaking truth to power, check out Postmaster General David Steiner testifying to a House Oversight Subcommittee. “Without action,” he told the pols, “the Postal Service will run out of cash.” Without Congress doing something the USPS won’t stop…
USPS Warns It May Not Deliver Mail Next Year Unless Congress Acts on Cash Crisis
The U.S. Postal Service warned Congress it could run out of cash by November 2026 without more borrowing authority, higher stamp prices, or changes to financial rules. USPS reported a $9 billion loss for fiscal 2025 and said first-class mail volume has dropped by nearly half since 2006. Postmaster General David Steiner said 71% of delivery routes do not cover costs. Lawmakers remain divided on service cuts and price hikes. The post USPS Warns It…
USPS Warns It Could Run Out of Cash
(AURN News) — The U.S. Postal Service is warning it could run out of cash in less than a year, which could leave it unable to deliver the mail if current conditions continue. In testimony before Congress, Postmaster General David Steiner warned the agency is at a critical juncture, with no financial cushion if current conditions continue. Mail volume has fallen from 213 billion pieces in 2006 to 109 billion today — a loss of more than 100 billio…
USPS Sounds Alarm on 2027 Insolvency Risk, Urges Congress to Raise Debt Limit
Postmaster General David Steiner told lawmakers Tuesday that the United States Postal Service is on a path to exhaust its ...More The article USPS Sounds Alarm on 2027 Insolvency Risk, Urges Congress to Raise Debt Limit was first published on FEDweek.
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