Post office near default? Losses mount to $5.1B

WASHINGTON (AP) -- The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume....

Sections:  news   u.s.   business   
Topics:  bankruptcy   default   u.s. postal service   usps   usps broke   
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