There's Light At End Of The USPS Budget Tunnel

President Obama's proposed 2012 budget recommends about $11 billion in relief for the U.S. Postal Service.
 

USPS Chief Financial Officer, Joseph Corbett, told Federal News Radio the relief could hardly have come at a better time.

 

This year, said Corbett, the USPS lost $300 million in the first quarter "but we are anticipating for the balance of the year, that by the end of the year, we would lose $6.4 billion dollars, is our current estimate."

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