The mail may soon stop — and not because it’s lost in transit. The cash-strapped United States Postal Service is barreling ...
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 e-commerce giant wants to reduce its postal volume by at least two-thirds by this fall.
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.
The U.S. Postal Service warns it may run out of money by 2027, leading to a potential first-class stamp price hike to nearly $1.
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 ...
Postmaster General David Steiner is testifying before the House Oversight and Government Reform Committee on Tuesday ...
Postmaster General David Steiner told Congress The agency is in a financial crunch. To stay afloat, the USPS is also asking ...
USPS, which delivers to more than 170 million U.S. addresses, has a borrowing cap of $15 billion and has already hit ​that ...
The warning highlights long-standing financial issues facing the USPS, which operates differently from most federal agencies.
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 borrow more money, the new postmaster general warned in an interview.