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Released: September 06, 2011
Postal Service warns it could lose billions
Source: Ed O'Keefe, Washington Post (Free Registration)
The U.S. Postal Service could lose up to $10 billion and have little more than a week’s worth of money left in the bank when its fiscal year ends Sept. 30, the nation’s top postmaster will tell Congress Tuesday. Postal officials are hoping the latest numbers will finally compel lawmakers to grant them new legal authority to alter delivery schedules, close post offices and lay off hundreds of thousands of workers.Read Full Article: Postal Service warns it could lose billions
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