2don MSN
USPS already lost $1.3 billion this year — and cash shortages might halt mail delivery in 2027
The mail may soon stop — and not because it’s lost in transit. The cash-strapped United States Postal Service is barreling ...
3don MSN
USPS May Not Deliver Mail in a Year and Could Run Out of Cash by 2027, Postmaster General Warns
“At our current rate, we’ll be out of cash in less than 12 months," Postmaster General David Steiner said ...
USPS, which delivers to more than 170 million U.S. addresses, has a borrowing cap of $15 billion and has already hit that ...
4don MSN
US Postal Service will run out of cash within a year without Congress’ help, postmaster warns
The head of the US Postal Service has warned lawmakers that the storied 250-year-old agency is at a “critical juncture” and will run out of cash in less than a year unless Congress allows it to borrow ...
The U.S. Postal Service's leader says it is set to run out of money in less than a year and may have to stop deliveries because of declining mail volume and what USPS sees as burdensome requirements.
“The postal service is at a critical juncture. At our current rate, we'll be out of cash in less than 12 months. So in about ...
The warning highlights long-standing financial issues facing the USPS, which operates differently from most federal agencies.
The U.S. Postmaster General said central and southern Illinois is particularly problematic. U.S. Rep. Nikki Budzinski, D-Springfield expressed continued concern to Postmaster General David Steiner ...
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