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The United States Postal Service says it is in a severe financial crisis and is taking a major step to conserve cash
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Starting today, the Postal Service is temporarily suspending its employer contributions to the federal retirement system
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a move it says will free up about two and a half billion dollars this fiscal year
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The move comes as Postmaster General David Steiner warns the USPS could run out of money within 12 months without major changes
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including cutting delivery from six days a week to five or fewer
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The Postal Service also wants to raise the price of a forever stamp from 78 cents to 82 cents
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And starting April 26th, some postage prices will face a temporary 8% surcharge tied to transportation costs from the Iran war
