WASHINGTON | Postal Service’s red ink for 12th year as letter mail drops

STL.News



WASHINGTON— The U.S. Postal Service on Wednesday reported a financial loss for the 12th straight year, citing declines in mail volume and the costs of its pension and health care obligations, as the agency braces for an upcoming report ordered by President Donald Trump to address its “unsustainable financial path.”

Postal officials said they expected next year’s finances to be helped by a strong holiday season of package deliveries and a just-approved increase to the price of its first-class stamp, from 50 cents to 55 cents.

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