PO looks for rescue

A Happy New Year!

"The cash-strapped mail carrier that lost almost $16 billion in the past
year, ran into its legal borrowing limit and defaulted twice on required
payments to the federal government, now turns to the newly sworn-in Congress
for help.

The Postal Service loses $25 million every day, it says, as more Americans
communicate by email and the massive payments for future retiree benefits
take a toll.

It could run out of money in a little more than nine months, according to
some estimates."

Source:
http://www.foxbusiness.com/governmen...#ixzz2H954v96Y

--
Victor Manta, PWO, AIJP

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