Postal Service Suffers Record $15.9B Loss

Organization could be out of cash in a year

By Matt Cantor,  Newser Staff

Posted Nov 16, 2012 1:43 AM CST

(Newser) – The struggling US Postal Service has posted a record loss of $15.9 billion for the fiscal year ending Sept. 30. The agency defaulted this year on $11.1 billion in health benefits for retirees, and it's suffering as first-class mail, its top source...   Read full story »


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