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2 hours ago

Postal Service says cash could run out in under a year without changes

The U.S. Postal Service on Tuesday will tell Congress that it's facing a serious financial crisis and is on pace to run out of cash in less than a year without significant reforms.Postmaster General David Steiner testified before a House Oversight subcommittee and told lawmakers that the USPS needs higher stamp prices and the ability to borrow more money along with other reforms – including changes to pension funding and liabilities calculations, workers' compensation and retirement fund investment strategies.Steiner has put forward possible options for cutting costs, including ending six-day-...

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2 hours ago
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