"...the agency reported a loss of $6.5 billion, a major step backward after USPS leaders had predicted it would break even. ...Mail volume across the U.S. declined almost 9%, with the number of mailed items falling to about 116 billion, compared with 127 billion the previous year. ...the historical inflationary environment we encountered and our inability to obtain the [Civil Service Retirement System] reform we sought, ..."Twice-annual, above-inflation postage hikes are worsening the USPS' financial woes and trapping it in quicksand, as even more mail is driven out of the system," Keep US Posted Executive Director Kevin Yoder, a former Congressman from Kansas, said in a statement. "
This Article is From: www.cbsnews.com
