The Post Office Has Lost $41 Billion Since 2007

The Post Office Has Lost $41 Billion Since 2007
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A customer places first class stamps on envelopes at a U.S. Post Office in San Jose, Calif., Monday, Dec. 5, 2011. Unprecedented cuts by the cash-strapped U.S. Postal Service will slow first-class delivery next spring and, for the first time in 40 years, eliminate the chance for stamped letters to arrive the next day. (AP Photo/Paul Sakuma)

In early 2009, John E. Potter, then the postmaster general, delivered a dire warning to Congress: The United States Postal Service would run out of money unless lawmakers stepped in and passed legislation to help the agency stabilize its finances.

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