The U.S. Postal Service is warning that it may be unable to pay its workers and vendors by February 2027. Postmaster General David Steiner appeared before a House Oversight subcommittee and shared that at its current run rate, the postal service “will be out of cash in less than 12 months.” Steiner is pushing for Congress to act quickly to lift borrowing limits and reform outdated regulations. However, lawmakers at the hearing signaled a mix of urgency and caution.
***Courtesy of Total Traffic News***
