Posts Tagged ‘United Parcel Service’


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And Now a Bailout for the U.S. Postal Service?


Monday December 27th, 2010   •   Posted by David Theroux at 6:16pm PST   •   0 Comments

Angela Greiling Keane reports in a recent article at Bloomberg Businessweek, “A Bailout for the U.S. Postal Service?”, that the U.S. Postal Service’s costs “will exceed revenue by $2.7 billion, even after borrowing $3 billion from the U.S. Treasury, the annual legal limit. Total debt, now $12 billion, by law can’t exceed $15 billion….
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