Postal Service Net Loss | featured news

U.S. Postal Service loses $5.2 billion, warns of low cash

U.S. Postal Service

The U.S. Postal Service's net loss widened to $5.2 billion during the April through June period, and the cash-strapped agency warned on Thursday that without help from the U.S. Congress it will face low cash and be unable to borrow money this fall.


U.S. Postal Service reports $3.5-billion loss, sees more red ink in future

The agency predicts a cash shortfall for 2011 after net losses in 14 of the last 16 fiscal quarters. The U.S. Postal Service reported a quarterly net loss of $3.5 billion Thursday and said it will likely have a cash shortfall going into 2011.


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