In the quarter that ended June 30, the U.S. Postal Service (USPS) lost $740 million, down from $5.2 billion in losses during the same period last year. The USPS managed to reduce those losses by eliminating delivery routes, raising prices on stamps, consolidating facilities, cutting hours and other measures. Revenue from shipping packages was…
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Back in February, President Obama and many of his appointed officials tried to make a federal case out of looming budget cuts required by the budget control deal he cut back in the summer of 2011 during the debt ceiling crisis. Spending cuts that he proposed, which were called the “sequester”. We’ve been saying…
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