Postal Service buys time before cash runs out, seeks federal subsidy

The U.S. Postal Service is tapping into employee retirement funds to keep operations running, but it faces a dire financial future without significant changes. The Postmaster General's warning highlights that without congressional action, the service could be out of cash within five years. This move underscores a critical need for structural reforms and federal subsidies to ensure the Postal Service's long-term viability, impacting everything from mail delivery to the economy at large. The situation demands urgent attention to avoid potential disruptions in postal services and broader economic implications.