The Postal Service is floating the possibility of Congress stepping in to provide more financial assistance to keep the largely self-funded agency from running out of cash early next year.
Postmaster General David Steiner said USPS hasn’t officially pitched the idea to Congress, but it’s an option lawmakers should consider to get the agency on firmer financial footing. Steiner said USPS will spend the next month refining its wish-list of legislative proposals before sharing it with Congress.
Steiner told members of the House Oversight Committee in March that USPS will run out of cash in early 2027, as long as it continues to pay its bills on time. But USPS is relying on some emergency measures to conserve cash.
“To the credit of Congress, they’re not looking for short-term band-aids, but for long-term solutions,” Steiner said Friday at a public meeting of the USPS Board of Governors.
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