The Continental Economics Institute Currency Review
Saturday, August 6, 2011
When the postman rings twice
USPS posts $3.1 billion loss in Q3, warns of default
By Emily Stephenson | Reuters – Fri, Aug 5, 2011
WASHINGTON (Reuters) - The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.