US Postal Service Faces Cash Crisis, Seeks Rate Hike
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The U.S. Postal Service is facing a severe cash crunch, with its postmaster general warning of a potential bankruptcy within a year unless Congress raises its borrowing limit. The agency, which relies solely on postage and services for funding, has been grappling with net losses of $9.5 billion in fiscal year 2024 and $9 billion in 2025, despite a modest increase in operating revenue. The new postmaster general, who took office last July, has highlighted the dire situation and proposed solutions such as increasing first-class stamp prices, expanding into more package deliveries, and reforming pension investments. However, lawmakers have not yet responded to these urgent pleas, leaving the Postal Service in a precarious position.
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