Want to see more of NewsNation? Get 24/7 fact-based news coverage with the NewsNation app or add NewsNation as a preferred source on Google !

WASHINGTON (Reuters) – The U.S. Postal Service said on Friday it was seeking new administrative and legislative reforms as it reported a $9 billion yearly loss, down slightly from the prior fiscal year results.

New Postmaster General David Steiner said USPS must be more efficient and that it still has a “significant systemic annual revenue and cost imbalance.” He added: “To correct our financial imbalances, we must explore new revenue opportunities and public policy changes to improve our business model.”

USPS, which lost $9.5 billion in the prior year, has lost more than $100 billion since 2007 despite significant restru

See Full Page