Post Office Plans Closures to Curb Massive Debt
For the first half of 2011 alone, the U.S. Postal Service (USPS) reported a net loss $5.6 billion, and projects it will lose close to $8 billion total by year’s end.
SHORTLISTED: The USPS Store on Ninth Avenue in New York City is one of the 3,653 on the list to be considered for closure. The USPS has experienced dramatic decreases in revenue–losing about $20 billion since 2007. Jaya Gibson/The Epoch Times
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