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 warning highlights long-standing financial issues facing the USPS, which operates differently from most federal agencies. The United States Postal ...
The head of the US Postal Service has warned lawmakers that the storied 250-year-old agency is at a “critical juncture” and will run out of cash in less than a year unless Congress allows it to borrow ...
The U.S. Postal Service's leader says it is set to run out of money in less than a year and may have to stop deliveries because of declining mail volume and what USPS sees as burdensome requirements.
Officials say they are considering two options: reducing the number of delivery days or increasing the price of first-class postage to nearly $1.
The e-commerce giant wants to reduce its postal volume by at least two-thirds by this fall.
USPS, which delivers to more than 170 million U.S. addresses, has a borrowing cap of $15 billion and has already hit ​that ...
The U.S. Postal Service says it is facing a worsening financial shortfall despite recent reforms Rising operational costs and ...
Postmaster general warned that the agency could run out of cash by early 2027 without significant reform or increased borrowing authority ...
As the USPS warns it could run out of cash by 2027, the agency says it could soon raise the price to send a first-class ...
Amazon said it was working toward a new agreement with USPS to increase volumes before talks fell apart.
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 ...