The US Postal Service (USPS) has sought sweeping administrative and legislative changes after reporting a $9 billion annual loss, a marginal improvement from the $9.5 billion deficit posted last year, Reuters reported.New Postmaster General David Steiner said the agency continues to face a “significant systemic annual revenue and cost imbalance” and must accelerate efficiency measures, Reuters reported. “To correct our financial imbalances, we must explore new revenue opportunities and public policy changes to improve our business model,” he said.USPS has lost over $100 billion since 2007, even after rounds of restructuring and a $50 billion financial package approved by Congress in 2022. The agency is now seeking reforms that include changes to retiree pension funding rules, diversification of pension assets, a higher statutory borrowing limit and updates to workers’ compensation processes.Alongside reform demands, USPS has proposed new price increases across several products — excluding first-class mail. The plan includes a 6.6% hike for Priority Mail, 5.1% for Priority Mail Express, 7.8% for USPS Ground Advantage, and 6% for Parcel Select.The cost of a first-class stamp rose to 78 cents this year from 73 cents, marking a 46% increase since 2019.In February, President Donald Trump called USPS a “tremendous loser for this country” and said he was considering merging it with the Commerce Department — a move Democrats said would violate federal law.Former Postmaster General Louis DeJoy resigned in March under White House pressure after nearly five years of sweeping operational changes that halved projected 10-year losses from $160 billion to $80 billion.Mail volumes dropped 5% in the year ended September 30 to the lowest level since 1967, underscoring the structural decline in traditional postal services.USPS, which employs 635,000 people, cut 10,000 positions this year through a voluntary retirement programme as part of its cost-reduction efforts.