U.S. Postal Service hit with record loss of $15.9billion

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At www.dailymail.co.uk

The struggling U.S. Postal Service is reporting a record annual loss totaling $15.9billion, while overall mail volume sinks. The financial losses for the fiscal year 2012 ending on September 30 were nearly $11billion more than the previous year. If Congress fails to act, Postal Service could run out of money next year - leading to 8 million job losses

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At www.dailymail.co.uk

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