Washington Post--THE U.S. POSTAL SERVICE (USPS) faces a financial death spiral. Burdened by excess infrastructure, outmoded regulations and high labor costs - not to mention facing digital-age obsolescence - USPS posted an operating loss of $15.9 billion in fiscal 2012 and is on course to lose an estimated $7.9 billion in fiscal 2013, according to President Obama's newly issued budget. Read more!
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