Postal Service Posts Record Losses, Is On The Verge Of Congress-Induced Bankruptcy

From ThinkProgress Fri Nov 16 2012, 09:30:24

The United States Postal Service reported a $15.9 billion dollar loss for the 2012 fiscal year, calling into question the national mail service's continued viability absent Congressional action. The loss was the largest in USPS history and roughly three times the previous year's losses, prompting alarm from Postmaster General Patrick Donahoe: We cannot sustain large [...]

[view whole blog post ]
 See More    |     Report Abuse

blogAfrica is's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!

Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...