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

From ThinkProgress Fri Nov 16 2012, 14:30:24

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 [...]

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