#USPS #PostalService #GovernmentFunding
edition.cnn.com
US Postal Service will run out of cash within a year without Congress' help, postmaster warns
The head of the US Postal Service has warned lawmakers that the storied 250-year-old agency is at a "critical juncture" and will run out of cash in less than a year unless Congress allows it to borrow more money and charge more for postage.
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#USPS #PostalService #MailDelivery
www.axios.com
USPS warning raises stakes for mail-order prescriptions, higher postage prices
Why it matters: Even as major retailers build their own logistics networks, millions of Americans -- especially in rural areas -- still rely on USPS for essentials like prescription medications and last-mile delivery.
#USPS #ShippingIndustry #Amazon
www.businessinsider.com
The USPS is nearing a financial breaking point, postmaster general warns: 'We were thrown an anchor'
USPS risks losing a significant share of its Amazon shipping business.
The head of the US Postal Service is warning lawmakers that the agency would run out of cash within the next year unless Congress steps in.
