US Postal Service reports $6.5 billion net loss for 2023 fiscal year

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First-class mail drops, stamp prices rise, and a restructuring plan aims to counter losses.
Categories: Accountingactuarial revaluationbenefits costsBusinesscompensationcost controldiscount rate changesemployeesfinancial headwindsfinancial relieffirst-class mailfirst-class stampsinflationJoe BidenlegislationLiquidityLouis Dejoynet lossoperating expensesprice increaserestructuring planretirement plan paymentsRevenuerevenue generating strategiesstamp pricesTodays HeadlinesU.S. Postal Serviceunderfunded retirementsUnited StatesUSPSvolumework hours

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