The US postmaster general warns that falling revenues could mean the postal service could run out of cash by October.<br />In fact, Business Insider reports Postmaster General Megan J. Brennan said Thursday that mail volumes might not ever recover.<br />The US Postal Service expects a $13 billion decline in revenue. That's roughly 18% of the agency's annual budget.<br />The news comes in spite of the recent uptick in Amazon.com package deliveries, as a result of the coronavirus pandemic.<br />The sudden drop in mail volumes, our most profitable revenue stream, is steep and may never fully recover. US Postmaster General Megan J. Brennan<br />The post office is asking Congress for a $50 billion bailout as well as $25 billion in loans from the Treasury Department.
