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The USPS warns it may run out of money within a year without congressional action on borrowing limits, stamp prices, and pension reform.
The U.S.
Postal Service warns it could run out of cash within a year without urgent congressional action, citing a $1.4 billion loss in 2024 and $118 billion in losses since 2007.
Postmaster General David Steiner urged Congress to lift the $15 billion borrowing cap, raise stamp prices to $1 or more, and reform pension and health care funding.
The agency faces declining first-class mail volume—down from 2.1 billion pieces in 2007 to 1.3 billion in 2024—and rising costs, while a Supreme Court ruling limits legal recourse for mail delays.
Steiner proposed cutting delivery to five days a week and closing remote offices to save billions, but warns failure to act could end the current postal service model.
El USPS advierte que puede quedarse sin dinero dentro de un año sin la acción del Congreso sobre los límites de préstamo, los precios de los sellos y la reforma de las pensiones.