Watch live: Postmaster general testifies before House on oversight of Postal Service

Postmaster General David Steiner is testifying before the House Oversight Committee about the financial crisis facing the United States Postal Service. Steiner has warned that USPS will exhaust its funds within a year, a dire forecast that triggered the high-profile hearing. The ex-Waste Management official's testimony will likely focus on the agency's mounting losses and potential solutions, though he has not detailed specific proposals in the excerpt provided. The USPS faces structural challenges including declining mail volume and rising operational costs, making this oversight hearing a critical moment for lawmakers to assess the agency's path forward. Congress will need to decide whether to authorize emergency funding, legislative reforms, or operational changes to prevent a service interruption.