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Postal Service posts 5.1 billion loss amid looming default
The US Postal Service reports a 5.1 billion annual loss as mail volume falls and costs rise. Postmaster General Donahoe urges swift congressional action to avert bankruptcy, noting a looming 5.5 billion pre funding payment and possible service shutdown next year.
MENTIONED IN THIS ARTICLE
Washington, D.C
US. Postal Service
Patrick Donahoe
Congress
U.S. Treasury
Postal Service
The
Govern
Ment