Reeling USPS Records $3.8B Loss for 2009
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WASHINGTON, DC—Talk about an agency in need of reform again. The U.S. Postal Service (USPS) filed its 2009 fiscal year-end results earlier this week and showed a loss of $3.8 billion for the year, despite a cost-cutting campaign that resulted in $6 billion in savings and a $4 billion reduction in required payments for retiree health benefits.
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