U.S. Postal Service loses $6.5B in 2023 fiscal year

U.S. Postal Service loses $6.5B in 2023 fiscal year

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The U.S. Postal Service took a major step backwards Wednesday after USPS leaders announced a $6.5 billion loss in fiscal year 2023, falling far short of its initial goal of breaking even. Postmaster General Louis DeJoy said increased operating costs coupled with a reduction in the number of…

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