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Post office losses widen to $5.6 billion this year
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<blockquote data-quote="cheryl" data-source="post: 2472202" data-attributes="member: 1"><p><a href="http://www.marketwatch.com/story/post-office-losses-widen-to-58-billion-this-year-2016-11-15" target="_blank"><strong>Post office losses widen to $5.6 billion this year - Marketwatch</strong></a></p><p></p><p>The U.S. Postal Service reported Tuesday a multibillion-dollar loss for a 10th-straight year, as government-mandated benefit expenses overshadowed a fourth year of revenue growth.</p><p></p><p>For the year ended Sept. 30, the net loss widened to $5.6 billion, from $5.1 billion in the same period a year ago. The government-sponsored mail carrier has now recorded a combined $62.4 billion in losses over the last 10 years. The annual losses the post office has reported since fiscal 2007 have ranged from a low of $2.8 billion in 2008 to a high of $15.9 billion in 2012.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2472202, member: 1"] [URL='http://www.marketwatch.com/story/post-office-losses-widen-to-58-billion-this-year-2016-11-15'][B]Post office losses widen to $5.6 billion this year - Marketwatch[/B][/URL] The U.S. Postal Service reported Tuesday a multibillion-dollar loss for a 10th-straight year, as government-mandated benefit expenses overshadowed a fourth year of revenue growth. For the year ended Sept. 30, the net loss widened to $5.6 billion, from $5.1 billion in the same period a year ago. The government-sponsored mail carrier has now recorded a combined $62.4 billion in losses over the last 10 years. The annual losses the post office has reported since fiscal 2007 have ranged from a low of $2.8 billion in 2008 to a high of $15.9 billion in 2012. [/QUOTE]
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Post office losses widen to $5.6 billion this year
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