US Postal Service will run out of cash within a year without Congress’ help, postmaster warns
edition.cnn.com/2026/03/18/us/us-postal-service-financial-crisis-hnk
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US Postal Service Faces Cash Shortfall Without AidThe USPS reported $9.5 billion loss in 2024 and risks running out of funds within a year without expanded borrowing powers.
- The Postmaster General stated the USPS will exhaust its funds within 12 months, threatening mail delivery.
- Declining mail volumes and regulatory constraints significantly impair the agency's financial health.
- Despite a decade-long recovery plan, the USPS continues to report losses exceeding $9 billion annually.
- Raising postage rates and increasing borrowing authority are proposed solutions to stabilize operations.
At our current rate, we’ll be out of cash in less than 12 months. So in about a year from now, the postal service would be unable to deliver the mail.— Postmaster General David Steiner, testifying before the House Oversight Subcommittee on Government Operations.
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independent agency of the U.S. federal government responsible for providing postal service
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