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FoxNews: It's All Your Money - Taxpayers May Be on the Hook for Postal Service Losses
FoxNews: It's All Your Money - Taxpayers May Be on the Hook for Postal Service Losses
Washington,
May 14, 2012 -
The U.S. Postal Service is often the butt of jokes, but there's nothing funny about the agency's bottom line.
The USPS is losing up to $25 million dollars a day. Until now, taxpayers have not been on the hook for its mounting losses, but that could be about to change. A bill recently approved by the Senate would appropriate $34 billion in federal money.
"If the post office was a business, it would be in bankruptcy," said Rep. Dennis Ross, R-Fla. "It's insolvent." (read more)
SPECIAL - Taxpayer Calculator - How Much Will a Postal Bailout Cost YOU!
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