Officials said at a hearing Tuesday that tradeoffs in services may be necessary, as the U.S. Postal Service faces the prospect of running out of money within the next year.
“We would hope that this is the beginning of the ultimate end of the ongoing [postal] crises that we have all witnessed far too long,” said Rep. Kweisi Mfume, D-Md., the ranking member of the House Oversight and Government Reform panel’s Government Operations Subcommittee.
In his testimony, Postmaster General David Steiner warned that USPS could reach a financial cliff as soon as fall 2026. As a response, he floated reducing the postal agency’s mandate to deliver mail six days per week or raising stamp prices to 90 to 95 cents. Stamps currently are 78 cents, having been increased six times since 2021.
“If you want the same number of delivery days and post offices, we can do that, but someone has to pay for it. If you want to have a discussion about reducing services, we can do that,” Steiner said. “But there’s one thing we can’t do, and that is the status quo, and we don’t have a lot of time.”
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