#congressional-borrowing-cap

#congressional-borrowing-cap

The U.S. Postal Service will exhaust cash reserves within a year unless Congress raises the $15 billion borrowing cap established in 1990, risking inability to pay employees and vendors by February 2027.

The U.S. Postal Service will exhaust its cash reserves within a year unless Congress increases the $15 billion borrowing cap established in 1990, risking inability to pay employees and vendors by February 2027.