- Dec 11, 2018
With a negative net worth of $65 billion and an additional $140 billion in unfunded liabilities, the USPS originally expected to run out of liquidity by 2021 without intervention. That has accelerated rapidly because of COVID-19. Fewer people and businesses are sending mail because of the outbreak, which could hasten the decline of the Postal Service and close its doors as early as June, officials warned.
USPS warns it might have to shutter by June as $2 trillion coronavirus stimulus package provides no funding
"Without immediate action by Congress and the President, the Postal Service—a vital staple of American society since 1775—could cease to exist by this summer."