#postal-service-financial-crisis

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#government-agency-funding #mail-delivery-services #congressional-borrowing-cap #revenue-expansion
US news
fromFortune
11 hours ago

The Postal Service will run out of cash within a year, Postmaster General warns: 'We have to have a conversation with the American public' | Fortune

The U.S. Postal Service will exhaust its cash reserves within a year unless Congress increases the $15 billion borrowing cap established in 1990, risking inability to pay employees and vendors by February 2027.
Retirement
fromwww.twincities.com
1 day ago

US Postal Service expects to run out of cash in a year without help from Congress, postmaster says

The U.S. Postal Service will exhaust cash within a year unless Congress raises the $15 billion borrowing cap established in 1990, risking inability to pay employees and vendors by February 2027.
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