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Politics : Mainstream Politics and Economics
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To: JBTFD who wrote (14490)4/3/2012 3:54:52 PM
From: TimF  Read Replies (1) of 85487
 
This means that the Postal Service is required to send to the U. S. Treasury $5.5 billion each September 30.

Drop that requirement and its still losing money. It just lost $3.3bil in one quarter, and that's its busiest quarter (Q4, with all the holidays) where if its ever going to make any money it would make it then. I don't think that $3.3bil lost includes a pro-rated portion of the $5.5bil payment, but even if it does, and you back it out, its still almost a two billion dollar loss in its highest volume quarter.
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