Postal Service reports billions inside losses
AP WASHINGTON – The Postal Service is continuing to hemorrhage money, exposure a loss Tuesday of added than $2 billion terminated the originally three months of the time and threatening it may perhaps be present required to default on federal payments.Such a default would not interrupt mail service to millions of Americans, but it may possibly extra limp an agency struggling with a on the ball decline in the field of mail since of the Internet and a tough thrift.The agency says the $2.2 billion loss covers Jan. 1 to strut 31 sharply superior than the obtain loss of $1.6 billion in support of the same episode go on time.