Postal Service Loses 'Just' $5.1B Last Year
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WASHINGTON, DC—The U.S. Postal Service (USPS) ended its 2011 fiscal year (Oct. 1, 2010–Sept. 30, 2011) with a net loss of $5.1 billion. The year-end loss would have been approximately $10.6 billion had it not been for passage of legislation that postponed a congressionally mandated payment of $5.5 billion to pre-fund retiree health benefits.
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