The USPS is nearing a financial breaking point, postmaster general warns: 'We were thrown an anchor'

Source: Business Insider

USPS is running out of cash, the Postmaster General warned during congressional testimony. Jakub Porzycki/NurPhoto via Getty ImagesThe USPS could run out of cash within a year, David Steiner warned. Steiner said the agency may need to raise its borrowing limit or increase prices to stay afloat.