US Postal Service no longer in immediate cash crisis, regulators say
Postal regulators said the retirement-payment pause freed about $2.5 billion, giving the agency several years of breathing room while long-term losses continue.
- On Thursday, postal regulators announced the U.S. Postal Service has shored up its finances enough to avoid insolvency for at least "several years" following an April decision to temporarily suspend certain pension fund payments.
- Postmaster General David Steiner had previously warned that the agency could run out of cash as soon as February, citing declining mail volume and rising structural costs plaguing the service.
- This action frees up about $2.5 billion this fiscal year, providing what Robert G. Taub of the Postal Regulatory Commission called "breathing room" that staves off the stated crisis of stopping mail delivery.
- While the agency gains time, major divisions remain between Steiner and the Postal Regulatory Commission regarding oversight, with Steiner characterizing the commission as an "anchor" weighing the service down.
- Lawmakers now have an opportunity to enact fundamental reform, as USPS continues to price out options including closing unprofitable post offices and reducing delivery days to address long-term financial deficits.
18 Articles
18 Articles
Postal Service frees up enough cash to keep operating for ‘several years’
WASHINGTON — The U.S. Postal Service, confronting a bleak financial shortfall that had threatened to starve it of the cash to keep operating within months, has shored up its finances enough to avoid insolvency for at least “several years,” postal regulators said Thursday. The post Postal Service frees up enough cash to keep operating for ‘several years’ appeared first on West Hawaii Today.
US Postal Service no longer in immediate cash crisis, regulators say
The U.S. Postal Service is no longer facing an immediate cash crisis, according to postal regulators.Regulators told lawmakers that an April decision to temporarily suspend some payments into a retirement fund has significantly improved the agencys finances. The move is expected to free up about $2.5 billion this fiscal year.However, regulators stressed the relief is only temporary. The Postal Service still faces long-term challenges from declin…
Postal Service Turnaround Plan Is ‘Far From Reality’ as High Labor Costs Sink America’s Mail Delivery Service
Members of the Postal Regulatory Commission say the mail service lost $20 billion in the last decade and needs dramatic structural change to stay afloat.
Postal oversight body says USPS delivery expectations must be amended to keep it afloat
The situation facing the U.S. Postal Service is a "five-alarm fire," the Postal Regulatory Commission told a congressional panel Thursday, meaning redefined expectations more than money could fix the problem.
MONEY & BUSINESS: US Postal Service not expected to run out of cash next year, official says – One America News Network
By David ShepardsonJune 4, 2026 – 6:44 AM PDT A United States Postal Service (USPS) collection box is pictured in Washington, U.S., December 18, 2024. REUTERS/Benoit Tessier/File Photo WASHINGTON (Reuters) – The U.S. Postal Regulatory Commission told lawmakers on Thursday it does not believe the financially troubled Postal Service will run out of cash next year, but it faces significant issues that must be addressed. Robert Taub, vice chair of…
Coverage Details
Bias Distribution
- 64% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
