What to know about USPS's dire financial state ahead of oversight hearing

Postmaster General David Steiner will testify before the House for the first time on Tuesday to ask Congress for regulatory relief to keep the United States Postal Service afloat as it navigates dire financial straits.

Per his written testimony before the House Oversight Subcommittee on Government Operations obtained by the Washington Examiner, Steiner will seek to raise the $15 billion borrowing cap that Congress instated in 1992. The USPS head will also testify that he is looking to increase the price of stamps and restructure how the service funds its pensions and retirement liabilities.