US Postal Service Faces Cash Crunch, Warns of Mail Delivery Threat
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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U.S. Postal Service on Brink of Collapse: Postmaster General Seeks Bailout
The U.S. Postal Service is facing a severe cash crunch, with Postmaster General David Steiner warning that it could run out of money within a year. Without Congress raising its borrowing limit, the agency may not be able to pay employees or vendors by February 2027, threatening mail delivery nationwide. The Postal Service lost $9 billion in fiscal year 2025 and $9.5 billion last year, despite a revenue increase. Steiner, who took over in July, is seeking authority to hike stamp prices, expand package delivery partnerships, and reform pension investments to address the crisis. However, lawmakers have not yet responded to these urgent calls, and critics push back on rate hikes.
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