US Postal Service could run out of money as soon as October

WASHINGTON — The head of the U.S. Postal Service told Congress on Tuesday it could run out of ​money in October or November if the agency continues to make required ‌retirement and other payments to the government.

U.S. Postmaster General David Steiner told a House Oversight subcommittee that USPS needs higher stamp prices, the ability to borrow more money as well as ​other reforms from Congress.

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