OTHER OPINION: POSTAL CRISIS
The postal crisis accelerates. On Nov. 12, the U.S. Postal Service announced a loss of $8.5 billion for fiscal 2010, on top of a total loss of $6.1 billion for the two previous years. USPS owes $12 billion, just $3 billion below its legal debt ceiling. That's a problem, since it has projected a loss again next year yet must make $6.7 billion in retiree health and worker compensation payments by October.
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