Postmaster General David Steiner will testify before the Senate Homeland Security and Governmental Affairs Committee on Wednesday at 9:30 a.m.
Steiner is set to give remarks as part of the committee’s hearing on how to reform the U.S. Postal Service’s “broken business model” before it faces bankruptcy, the committee said. In Steiner’s last testimony before the House in March, he warned that the service would run out of money by the end of 2026 unless the federal government made substantial regulatory reforms to the agency’s structure.
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Since his March appearance on Capitol Hill, the Postal Service has suspended payments to its employees’ retirement pension plan as part of a cost-saving effort, while still encouraging Congress to act. In early June, commissioners from the Postal Service’s watchdog, the Postal Regulatory Commission, appeared before Congress and offered a much rosier picture, telling lawmakers that the payment suspension offered the Postal Service “at least another several years” of life.
Steiner’s Wednesday testimony will be watched by Postal Service advocates to see if the agency’s head has changed his mind about the agency’s feasible lifespan.