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Story summary
- The U.S. Postal Service projects funding will run out by February 2027 unless Congress lifts its $15 billion borrowing cap.
- Postmaster General David Steiner calls for reforms, including raising stamp prices and expanding last-mile delivery services.
- Steiner rejects privatization, says USPS must stay self-financing, noting mail volume fell 220 billion to 110 billion pieces and revenue declined.
- He cautions that FedEx or UPS would cease operations under similar losses.
