The U.S. Postal Service will tell Congress on Tuesday it faces a serious financial crisis and will run out of cash in less ‌than a year in the absence of significant reforms. Postmaster General David Steiner will tell a House ‌Oversight subcommittee that USPS needs higher stamp prices,

The U.S. Postal Service's leader says it is set to run out of money in less than a year and may have to stop deliveries because of declining mail volume and what USPS sees as burdensome requirements.

USPS, which delivers to more than 170 million U.S. addresses, has a borrowing cap of $15 billion and has already hit ​that limit.

The Postal Service is less than a year away from running out of cash and is calling on Congress to increase its limit to borrow money from the Treasury Department, the postmaster general told a House committee this week,

Amazon said it was working toward a new agreement with USPS to increase volumes before talks fell apart.

The Wall Street Journal reports Amazon plans to sharply cut the number of packages it ships through USPS. Amazon is the Postal Service's largest customer.

ILLINOIS (WCIA) — The Illinois Department of Revenue (IDOR) said changes announced by the United States Postal Service (USPS) could impact tax filings this year. In a news release posted on Monday, the IDOR said that while USPS postmarks will still show the date of the first processing operation,

By David Shepardson WASHINGTON, March 17 (Reuters) - The head of the U.S. Postal Service told Congress on Tuesday it could run out of money in October or November if the agency continues to make required retirement and other payments to the government.