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Stock impact report

U.S. Postal Service could stop delivering mail in 2027 - here's why [Yahoo! Finance]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Yahoo! Finance
Like most Americans, Texans use the U.S. Postal Service (USPS) for sending letters, shipping small packages and managing essential mail. However, the agency could stop delivering mail in 2027 if it runs out of money, according to warnings from the Postmaster General David Steiner. Steiner told lawmakers on March 17 that the USPS may not have enough cash to pay employees or vendors within the next year unless Congress takes action. He stated, "If we continue to pay our required obligations in the same manner as we have done in recent years, then we will be out of cash in less than 12 months. So, less than a year from now, the Postal Service will be unable to deliver the mail if we maintain the status quo." USPS is the only delivery service that reaches every address in the nation: nearly 167 million residences, businesses and Post Office Boxes, according to its website . The federal government agency generally receives no tax dollars for operating expenses and relies on the sale o Show less Read more
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