USPS Financial Condition “High Risk”

A Government That Can’t Run Post Office Takes On Health Care

In July 2009, the GAO listed the USPS’ financial condition as “high-risk” and said immediate attention was needed to improve its financial viability. Now, almost a year later, the U.S. Postal Service is close to exhausting its $15-billion borrowing limit with the U.S. Treasury, and it has unfunded pension and retiree health obligations and other liabilities of about $90 billion for fiscal 2010, the GAO said. continued...

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