The U.S. Postal Service on Tuesday said it ran into the red by $6.5 billion in fiscal 2023, which ended on Sept. 30. Operating expense inflation was a big culprit, the federal agency said.
The U.S. Postal Service took a major step backward Wednesday after USPS leaders announced a $6.5 billion loss in fiscal year 2023, falling far short of its initial goal of breaking even.
The U.S. Postal Service took a major step backward Wednesday after USPS leaders announced a $6.5 billion loss in fiscal year 2023, falling far short of its initial goal of breaking even.