USPS Warns of Cash Crisis, Seeks Stamp Hike
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Postmaster General David Steiner warns the U.S. Postal Service could face insolvency within a year, urging Congress to approve reforms including stamp price hikes, increased borrowing power, and cost cuts. With nine billion dollars in losses and mail volume declining, Steiner emphasizes the urgency for action to prevent employee and vendor payments from being delayed.
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