Business
4:25 am
Mon August 12, 2013

U.S. Postal Service Reports Quarterly Losses

Originally published on Mon August 12, 2013 6:53 am

Transcript

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DAVID GREENE, HOST:

NPR's business news starts with more postal problems.

The United States Postal Service posted three quarters of a billion dollars in losses last quarter, making it nearly $4 billion so far this year. These losses come despite major trims to the operating budget in 2013. One immediate impact, it looks unlikely that Postal Service will be able to make a multibillion-dollar payment to a retiree benefits fund at the end of September. Transcript provided by NPR, Copyright NPR.