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Audit: Despite staff, spending cuts post office lost $3.8 billion last year

November 16th, 2009 by Los Angeles Times Filed under Featured, Feeds, Free Republic, Politics.[0 views]
The Postal Service reported a net loss of $3.8 billion for the 2009 fiscal year, about $1 billion more than the previous year. The loss comes despite a reduction of 40,000 in career employees and billions in cost-cutting measures.

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