Home / Post Office / National business briefs | Post office dire straits; IBM layoffs; Paulson book (The Kansas City Star)

National business briefs | Post office dire straits; IBM layoffs; Paulson book (The Kansas City Star)

The post office will run out of money this year unless it gets help, Postmaster General John Potter told Congress on Wednesday as he sought permission to cut delivery to five days a week. The agency lost $2.8 billion last year and is looking at much larger losses this year.

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