The U.S. Postal Service (USPS) reported a $9 billion loss for the current fiscal year, slightly higher than the previous year’s $9.5 billion loss.

USPS has accumulated losses exceeding $100 billion since 2007 despite multiple restructuring efforts and legislative reforms.

The big picture; Congress provided about $50 billion in financial relief to USPS over a decade starting in 2022. • New Postmaster General David Steiner highlighted a “significant systemic annual revenue and cost imbalance” and stressed the need for administrative and legislative reforms. • Steiner called for exploring new revenue opportunities and public policy changes to improve USPS’s business model and financial health.

Driving the news: Under former Postmaster General Louis DeJoy, who resigned in March under Wh

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