USPS lost $6.5B in fiscal 2026 and warned that it will have to make major cuts unless Congress gives it $2B to cover the cost of requirements lawmakers imposed on it. Without that money, the agency will have to sharply cut the number of retail post offices, lower service levels for Marketing Mail, and possibly slow down mail delivery, according to Postmaster General David Steiner. The loss is smaller than the $9B USPS lost the year before, but Steiner said the agency still has to conserve cash, and it deferred about $2.6B in employee pension contributions this year. Steiner expects to have contingency plans ready by March, which puts the decision in the hands of the Democratic-led Congress that takes office in January.
