USPS Faces $25B Loss, Seeks Borrowing Cap Raise

0:00It's March 30th. Welcome to Durham News Today, powered by AI, the U.S. Postal Service just dropped a $9 billion net loss for fiscal year 2025, pushing their three-year total to about $25 billion in the red. Revenue hit $80.5 billion, but expenses topped $89.8 billion, and their burning cash fast. Postmaster General David Steiner warned Congress they could run drive-by-fall 2026 without help, maybe stretching to February 20th. 27th, if they skip some pension payments, first-class mail volume keeps tanking since the 2008 crash, with folks going digital and rivals like UPS and FedEx grabbing $10 billion. Packages each a year. Stamps jumped to $0.78 in July 2025. Up 56 percent since 2019, but Steiner says it's still the cheapest. Around. They're eyeing more hikes, possibly over $1 soon if they get pricing power. Longmakers grilled Steiner on why labor eats 80 percent of costs, pushing

1:03back on hiring freezes that it's slow your mail. The 2022 Reform Act saved over a hundred billion long term by ditching prepay retiree benefits, but it's not enough now. Public pushback looms big against cutting Saturday delivery, which could save $3 billion yearly, or shuddering small post offices for another eight. 140 million. USPS maxed their $15 billion borrowing cap from 1992 and once it raised for fleet upgrades to fight private carriers. They're proposing an 8 percent surcharge on priority packages, starting late April to cover fuel spikes through early 2027. Plus, pension tweaks and workers' confixes could save hundreds of millions. Stock up on those forever stands, switch to e-bills, and compare shippers now. Changes are coming whether it's fewer days, higher costs, or both, so stay ahead of the shift.