Post Office losing $57 million per day

WASHINGTON — The nearly bankrupt U.S. Postal Service on Thursday reported losses of $57 million per day in the last quarter and warned it will miss another payment due to the U.S. Treasury, just one week after its first-ever default on a payment for future retiree health benefits. More: continued …

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Post Office losing $57 million per day – Oneida Dispatch

San Francisco Chronicle Post Office losing $57 million per dayOneida DispatchThose expenses, mandated by Congress in 2006, made up $3.1 billion of the post office's quarterly loss, while workers compensation tacked on another $1.1 billion in expenses. The agency's operating loss was $1 billion, mostly due to declines in first …

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Post Office Reports $5 Billion Quarterly Loss

Reporting a quarterly loss of $5.2 billion, the impoverished U.S. Postal Service warned Congress Thursday that unless it receives significant help, the agency will be unable to borrow money in the fall. The Hill reports the agency's net loss this fiscal year totaled $11.6 billion.… [ Read more ] [ …

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