US Postal Service to ask Congress for urgent reforms to survive 'beyond next year' - Reuters

The US Postal Service will ask Congress for urgent reforms, warning it cannot survive "beyond next year" without legislative action. The financially struggling agency has faced mounting losses for years due to declining mail volumes, rising costs, and mandatory retiree benefit payments that have strained its budget. Without congressional intervention, the USPS could face insolvency, potentially disrupting mail delivery services that millions of Americans and businesses depend on daily. The agency has previously sought reforms including changes to its pension obligations and delivery schedules to reduce operating costs. The Trump administration and Congress will now face pressure to act on postal reform legislation to prevent a potential collapse of the nation's mail system.