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USPS to seek money from Congress to boost strained finances
['Tribune News Service']
News – Troy Record
Postal Service plans to seek money from Congress to help fund its operations, an unusual request by an agency that’s working to stem an ongoing financial crisis.
The USPS plans to recommend that the appropriation be revisited periodically to account for inflation, and could be reduced in the future as the agency becomes more profitable, he said.
Seeking money from lawmakers highlights the depths of the postal service’s financial woes.
The agency has historically been funded by revenue generated by its own operations, without regular appropriations from Congress.
Steiner has said that USPS is set to run out of cash by early next year.