The United States Postal Regulatory Commission told lawmakers Thursday that the Postal Service is expected to avoid running out of cash next year. Recent financial relief measures have extended the agency's insolvency timeline by several years despite reporting $120 billion in net losses since 2007. The commission warned that the agency still faces significant financial issues that require urgent expenditure decisions and potential legislative reforms.
US Postal Service Not Expected to Run Out of Cash Next Year
The Postal Regulatory Commission says relief measures delayed USPS insolvency for years. Officials believe the agency will not run out of cash next year.
