1 of 1
Story summary
- David Steiner, the U.S. Postal Service's Postmaster General, warns the agency could run out of cash within a year due to declining mail volume and six-day delivery requirement.
- He proposed raising the price of first-class stamps from 78 cents to 90–95 cents to boost revenue.
- He also called for increasing USPS borrowing limit, which has stagnated since the 1990s.
- Lawmakers are expected to consider options to stabilize the agency's finances.
