[MadScientist]

The United States Postal Service (USPS) says they may run out of cash as early as October and may not be able to deliver mail by next year unless drastic measures are taken.

Postmaster General David Steiner delivered the warning during a hearing with the House Oversight Subcommittee on Government Operations on Tuesday, March 17, according to CNN and Reuters.

Steiner said the issues he warned of could only be avoided if Congress allows the agency to borrow more money, in addition to charging more for postage and other potential congressional reforms.

“At our current rate, we’ll be out of cash in less than 12 months. So in about a year from now, the postal service would be unable to deliver the mail,” Steiner, former board member at FedEx, told the subcommittee.

Source - https://people.com/usps-may-not-deliver-...7-11930083

[Charlie Sheen]

USPS hasn't turned an annual profit since 2006.

[MadScientist]

USPS hasn't turned an annual profit since 2006.

Yeah Ive always see them as a government service as opposed to a for profit business, there goes more rights to privacy you get using USPS federal mail system as opposed private businesses. Amazons also going to stop utilizing USPS as much, RIP

[Komodo]

I think some changes are coming, but I doubt the USPS ever shuts down in our lifetime.

[Deany]

USPS the worst company to send collectibles with they will play with your package like a soccerball

[VPSLab]

damn, that's rough. i ship a ton of small packages with usps for my side store, gonna have to switch to ups soon. what a mess.

[MadScientist]

USPS the worst company to send collectibles with they will play with your package like a soccerball

I've actually shipped a lot of fragile stuff without issue but I secure this down with tape and packing material, I've always enjoyed their service personally

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I think some changes are coming, but I doubt the USPS ever shuts down in our lifetime.

I hope thats the case private business been wanting to do away with USPS for private run for profit lacking federal privacy protection mail for years

[DramaKing]

There have been rumors of USPS running out of money going back to 2020.