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 ...
By David Shepardson WASHINGTON, March 4 (Reuters) - The U.S. Postal Service is hiring restructuring advisers to help address ...
The US Postal Service is bringing on restructuring advisers to help it address mounting financial problems that officials say could leave the agency out of cash within a year.
Postmaster General David Steiner has failed to turn around the USPS's unsustainable business model, resulting in a $1.3 billion loss in the first quarter of fiscal 2026, and has instead prioritized ...
A divided Supreme Court has ruled that Americans can’t sue the U.S. Postal Service, even when employees deliberately refuse to deliver mail.
President Joe Biden signed the Postal Service Reform Act of 2022 on Wednesday as lawmakers stood around him and cheered after it was ratified. Congress passed the bill, which requires six-day-a-week ...