USPS Could Run Out of Funds in 1 Year Without Congressional Action: Postmaster General

‘We have to have a conversation with the American public,’ Steiner said.

A USPS van driver parks the car on a street in Manhattan, New York City, on August 24, 2020. Chung I Ho/The Epoch Times

U.S. Postal Service Postmaster General David Steiner said on March 4 that the service could run out of cash reserves within a year unless Congress removes a decades-old cap and allows the agency to borrow more money.

If it doesn’t, the service risks not being able to pay employees and vendors as early as February 2027, Steiner told The Associated Press.