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flag The USPS warns it may run out of money within a year without congressional action on borrowing limits, stamp prices, and pension reform.

flag The U.S. flag 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. flag 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. flag 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. flag 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.

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