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U.S. Postal Service hit with record loss of $15.9billionQuicklink submitted by Sheila Samples Permalink,
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| 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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