NewsMarch 14, 2002
USPS expecting $2 billion deficit
WASHINGTON -- The Postal Service is facing a loss of more than $2 billion this year as mail volume lags and costs of sanitizing the mail and cleaning up contaminated offices mount. Postmaster General John E. Potter told a House Appropriations subcommittee Wednesday that the projected deficit for this year is "somewhere above $2 billion."...
The Associated Press
WASHINGTON -- The Postal Service is facing a loss of more than $2 billion this year as mail volume lags and costs of sanitizing the mail and cleaning up contaminated offices mount.
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Postmaster General John E. Potter told a House Appropriations subcommittee Wednesday that the projected deficit for this year is "somewhere above $2 billion."
Potter said the agency is hoping the Postal Rate Commission will accelerate a rate increase so higher prices can take effect this summer.
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