US Postal Service on Brink of Collapse, Seeks Borrowing Relief
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Postmaster General David Steiner warns of a potential U.S. Postal Service cash crisis, with a risk of major mail delivery disruptions by February 2027 if Congress doesnt raise its borrowing limit. Steiner, who took the helm last July, highlights significant losses and the agencys reliance solely on postage and fees. He proposes quick borrowing relief, expanding package delivery partnerships, and raising stamp prices to address the issue.
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