In the News Post office continues sinking as the band plays on
The U.S. Postal Service lost nearly $5 billion this past year, according to itsyear-end financial results.
As in recent years, the agency did not make the legally required $5.7 billion payment to its Retiree Health Benefits Fund. The agency is $15 billion in debt and legally prohibited from borrowing additional funds. The unfunded portion of its retiree health benefits obligation is $54 billion…
