The United States Postal Service (USPS) may run out of cash as early as October, and may not be able to deliver mail by next year unless drastic measures are taken, the postmaster general said.
The U.S. Postal Service warns it may run out of money by 2027, leading to a potential first-class stamp price hike to nearly ...
The warning highlights long-standing financial issues facing the USPS, which operates differently from most federal agencies.
"At our current rate, we'll be out of cash in less than 12 months. So in about a year from now, the postal service would be ...
USPS faces serious financial crisis and could run out of cash within a year without reforms, as Postmaster General asks Congress for financial help and policy changes.
USPS, which delivers to more than 170 million U.S. addresses, has a borrowing cap of $15 billion and has already hit ​that ...
The United States Postal Service warns it could run out of cash within a year unless Congress approves financial reforms.
The U.S. Postal Service will tell Congress on Tuesday it faces a serious financial crisis and will run out of cash in less ...
The U.S. Postal Service faces massive losses and may run out of money next year, prompting a congressional hearing and debate over its priorities.
Joivian Tijuana Hayes, 36, who pleaded guilty on Feb. 7, 2025, will also be required to pay $68,442 in restitution. Prosecutors say the value of the mail stolen was about $304,000 to $324,288.
The U.S. Postal Service will run out of cash within a year unless Congress lifts a decades-old cap and allows the agency to borrow more money, the new postmaster general warned in an interview.
The U.S. Postal Service will run out of cash within a year unless Congress lifts a decades-old cap and allows the agency to borrow more money, the new postmaster general warned in an interview. Bay ...