Losses Widen for USPS in Second Quarter

May 12, 2011

As it has warned in the not too distant past, this is a make or break year for the USPS. The organization released its fiscal second quarter financial results and losses have widened by $600 million to a net loss of $2.2 billion for the quarter. At this rate, without legislative action, the USPS will default on its payments to the federal government by the end of its fiscal year.

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