The USPS has lost $120 billion over two decades. The U.S. Postal Service reported a $2.5 billion net loss for the fiscal third quarter, nearly $600 million less of a loss than the same quarter last year, and urged a series of actions from Congress to address its mounting financial crisis. U.S. Postmaster General David Steiner said legislation passed by a Senate committee to add dozens of new ZIP codes could cost the cash-strapped postal service $800 million and said the agency is seeking approval for a new stamp price hike in January rather than waiting until July 2027. Steiner said without action from Congress this year, “our plans would certainly have to entail changes that will impact service like taking a look at our service levels and closing thousands of unprofitable post offices, as well as raising prices.” In June he warned: “The bottom line is that we are out of cash. We are borrowing from our employees’ retirement funds to continue operations,” Steiner said, urging Congress to compensate it for money-losing operations and make other reforms. Caption from an August 8th, 2026 article from Reuters.