US Postal Service Could Run Out of Money by October

US Postal Service Could Run Out of Money by October
A United States Postal Service (USPS) truck leaves a postal facility in Chicago, Ill., on Aug. 15, 2019. Scott Olson/Getty Images
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The U.S. Postal Service (USPS) is in danger of running out of funds by the end of the fiscal year unless it receives financial assistance from the federal government.

The service could see a decline in revenue of $13 billion due to the economic downturn caused by the COVID-19 pandemic, Postmaster General Megan Brennan warned the House Oversight and Reform Committee on April 9.
Isabel van Brugen
Isabel van Brugen
Reporter
Isabel van Brugen is an award-winning journalist. She holds a master's in newspaper journalism from City, University of London.
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