#postal-service-financial-crisis

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#congressional-borrowing-cap
Retirement
fromABC7 Los Angeles
3 days ago

US Postal Service expects to run out of cash in a year without help from Congress, postmaster says

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.
fromFortune
2 weeks ago
US news

The Postal Service will run out of cash within a year, Postmaster General warns: 'We have to have a conversation with the American public' | Fortune

Retirement
fromABC7 Los Angeles
3 days ago

US Postal Service expects to run out of cash in a year without help from Congress, postmaster says

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.
fromFortune
2 weeks ago
US news

The Postal Service will run out of cash within a year, Postmaster General warns: 'We have to have a conversation with the American public' | Fortune

Washington DC
fromEntrepreneur
3 days ago

Amazon Plans to Slash USPS Shipments by Two-Thirds. Here's What That Means for the Postal Service.

Amazon plans to reduce USPS package shipments by two-thirds by fall, threatening the financially struggling postal service that delivered over one billion Amazon packages last year.
Retirement
fromwww.twincities.com
2 weeks ago

US Postal Service expects to run out of cash in a year without help from Congress, postmaster says

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