Postmaster general to testify before Senate committee on Postal Service finances

m. The session focuses on changes to the U.S. Postal Service's business model before the agency faces bankruptcy. Steiner last appeared before the House in March. At that time he stated the Postal Service would exhaust its funds by the end of 2026 without substantial regulatory changes.

Recent developments Since the March testimony, the Postal Service has suspended payments to its employees' retirement pension plan as a cost-saving measure. Officials continue to urge Congress to enact structural reforms. In early June, commissioners from the Postal Regulatory Commission told lawmakers that the payment suspension would extend the agency's solvency by several years.

Steiner's upcoming testimony will be monitored by Postal Service advocates to determine whether he has revised his assessment of the agency's financial timeline.