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Tuesday, August 12, 2014

Postal Service would have posted a net income of $10 million in quarter ending June, 30 2014 if not for...

Postal Service reports $2 billion loss

"...The USPS' financial filings said the adjustment to workers' compensation expense -- an exercise that is on paper rather than a reflection of actual costs -- counted as a $540 million expense. The agency's retiree commitments for the quarter totaled $1.43 billion. Without those two expenses the agency would have posted a net income of $10 million. ..."    

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