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U.S. Postal Service records $15.9 billion loss, asks Congress for help

Gaildew2 (2775333) writes | about 2 years ago

1

Gaildew2 (2775333) writes "In September, the Postal Service hit its $15 billion borrowing limit for the first time in its history. That leaves it with few options if it suffers an unexpected shock, such as a slowdown if lawmakers are unable to prevent the year-end tax increases and spending cuts known as the "fiscal cliff.""
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The only help they need from Congress... (1)

unitron (5733) | about 2 years ago | (#42000707)

...is to undo that 2006 law that's strangling them financially by making them set aside money to fund pensions for employees not yet born.

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