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US Postal Service Suspends Non-Essential Spending Amid Cash Crunch

admin4 months ago01 mins
A United States Postal Service (USPS) mailbox is seen in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly

May 28 (Reuters) – ⁠The ⁠U.S. Postal ⁠Service said Thursday ​it is suspending non-essential ‌spending on travel, ‌office ⁠supplies, ⁠consultants and in other areas as ​it faces a mounting cash ​crisis.

Read more CBS News Taps Filmmaker Nick Bilton to Lead ’60 Minutes’

Postmaster General David Steiner ⁠told officers ⁠in a ⁠memo dated ​Tuesday seen by Reuters ​that ⁠the moves were “to protect core operations and ⁠ensure we can continue meeting all essential ⁠obligations.” The memo orders a freeze on discretionary purchases of office supplies, equipment software, training, system ⁠upgrades or bulk supply orders beyond near-term needs.

Read more US Agency Could Soon Stop Processing International Flights at Newark, DHS Secretary Says

(Reporting by David ​Shepardson, Editing by ​Franklin Paul)

Copyright 2026 Thomson Reuters.

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  • Oil Tanker Rates Hit Record Highs Following Iran, US Shipping Attacks
  • Lindsay Clancy’s Lawyer Asks Judge to Find Her Not Guilty After Mistrial
  • First US Horse Case of Screwworm Detected in Texas Border County
  • Trump Administration to Lend $100 Million to Africell, Countering Huawei in Africa
  • South Korea PM Says First US Investment Project Could Set Cooperation Model

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