US Postal Service Warns of Cash Crisis
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Postmaster General David Steiner warns Congress of USPS cash crisis, urging higher stamp prices, borrowing authority, and reforms. Lawmakers react with mixed responses, as the agency faces a potential default due to shrinking first-class mail volumes and a net loss of $18 billion since 2007.
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