U.S Postal Service Reports Losses

Posted: Thu 5:45 PM, Aug 09, 2012

The U.S. Postal Service reports it had quarterly losses of 5.2 billion dollars from April to June.

The agency says it's hurt by increasing costs for future retiree health benefits.

Those expenses made up 3. billion dollars of the quarterly loss.

From April to June losses were 2.1 billion dollars more than the same period in 2011.

The post office defaulted on a five-billion dollar payment last week and says it will miss a second 5.6 billion dollar payment next month.

Community Rallies Around Recovering Toddler

WBKO.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...

Poll Question

What's on Tonight

Full Schedule
Where to Watch
Live Stream