The U.S. Postal Service is suspending its contributions to the Federal Employees Retirement System, a pension plan for its workers and other civil servants, as the agency struggles with mounting losses that put it at risk of running out of funds. “The United States Postal Service is heading toward a cash crisis,” USPS spokesman David … Read more
WASHINGTON — The U.S. Postal Service is seeking a temporary 8% charge on certain popular products, including Priority Mail, to help blunt the impact of rising transportation costs. USPS filed notice on Wednesday with the Postal Regulatory Commission seeking the price increase, which would take effect on April 26 and remain in place until Jan. … Read more
The U.S. Postal Service is temporarily hiking postage prices to account for surging fuel costs caused by the Iran war, the agency announced on Wednesday. The USPS said it will impose an 8% surcharge on select postage prices, beginning April 26, pending approval by the Postal Regulatory Commission. The extra charge will remain in place through … Read more
The U.S. Postal Service will run out of cash within a year unless Congress lifts a decades-old cap and allows the agency to borrow more money, the new postmaster general warned in an interview. If it doesn’t, the Postal Service might not be able to pay its employees or vendors by February 2027, with potentially … Read more