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UPDATED: Post office losses mount to $5.1B last year

WASHINGTON (AP) — The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. More: continued here

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Post office says it lost $5.1 billion in past year

WASHINGTON — The U.S. Postal Service reported Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. More: continued here

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