WASHINGTON (AP) - The Postal Service said Friday it lost $3.1
billion in the April through June period.
That brings losses for the year to $5.7 billion, and the agency
could be forced to default on payments due to the federal
government at the end of the fiscal year in September.
Losses by the post office have been mounting over the last few
years as more private mail and bill payments were switched to the
Internet, and the recession caused a reduction in the volume of
In the three months from April through June the post office
handled 39.8 billion pieces of mail. That's 1.1 billion fewer items
than in the same period a year ago.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.