Postal Loss May Lead to Extreme Action, Postmaster Says

The U.S. Postal Service added to its losses in the second quarter and is closer to needing “extreme action” to keep it afloat, Postmaster General Patrick Donahoe said.

“At some point our financial liabilities become so large that they cannot be fixed without taking extreme action,” Donahoe said today at a board meeting in Washington. “We don’t want to get to the point where extreme action is the only option.”

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