U.S. Postal Service reports huge losses in 2012

U.S. Postal Service reports huge losses in 2012

U.S. Postal Service reports huge losses in 2012

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WVEC.com

Posted on August 10, 2012 at 9:06 AM

Updated Friday, Aug 10 at 9:10 AM

The U.S. Postal Service has reported losing more than $5 billion from April through June 2012.

The agency says it could have been worse, because they actually made more money from shipping and packaging.

Leaders blame the massive loss on a congressional mandate to prefund retirement health care benefits.

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