Thursday, March 26, 2009

Post Office Bailout ??

Postmaster General John Potter says that without help from the federal government, the U.S. Postal Service will run out of money this year. Potter informed Congress that salaries will get paid, but other bills will have to wait. He has requested in the past to reduce mail delivery to 5 days a week in order to reduce costs. Last year the post office lost $2.8 billion and is facing a bigger loss this year.

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