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Story summary
- David Steiner, Postmaster General of the United States Postal Service (USPS), warned USPS could run out of cash in a year.
- He noted USPS has lost $18 billion since 2024 and has not profited since 2006.
- Steiner proposed raising stamp prices and increasing borrowing authority.
- USPS faces potential loss of two-thirds of its package business with Amazon after failed negotiations.
