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

Business

The U.S. Postal Service will run out of cash within a year unless Congress lifts a decades-old cap and allows the agency to borrow more money, the new postmaster general warned in an interview. If it doesn’t, the Postal Service might not be able to pay its employees or vendors by February 2027, with potentially dire consequences for mail delivery, Postmaster General David Steiner told The Associated Press. “How long are employees going to work and vendors going to show up if we’re not paying