Postmaster General Warns USPS Could Run Out of Cash Within a Year and Floats Raising First‑Class Stamp to 90–95 Cents
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Postmaster General Steiner warned lawmakers the U.S. Postal Service could run out of cash within a year if conditions don’t change—sharpening an earlier warning that it may be insolvent by 2027 after reporting a $9 billion loss in 2025. Testifying before a House hearing March 17, 2026 at 2 p.m. EDT, he said USPS may need to raise the first‑class stamp from 78¢ to 90–95¢ and urged Congress to lift the $15 billion borrowing cap and allow pension funds to invest beyond Treasury bills to buy time for broader fixes.
U.S. Postal Service Finances
Federal Budget and Infrastructure
U.S. Postal Service