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Story summary
- The U.S. Postal Service warns it could run out of cash by February 2027 unless Congress raises the borrowing cap.
- Without action, the agency may struggle to pay employees and vendors, risking mail delivery.
- Postmaster General David Steiner says reforms are needed, including raising postage prices and changing regulations burdening the agency.
- The agency has faced revenue losses, with mail volume dropping from 220 billion pieces to 110 billion pieces.
