- Special Sections
- Public Notices
The United States Postal Service is careening toward insolvency, with projections showing it finishing another year spending far more than it earns.
A report issued this month by the Government Accountability Office revealed the postal service posted a net loss of $329 million in the first quarter of the current fiscal year.
It's on pace to lose $6.4 billion through September, barely has $1 billion in cash reserves and plans to borrow billions more this year from the U.S. Treasury, pushing its debt level to the maximum allowed by law — $15 billion.
Click the question mark below to see where your account ID appears on your mailing label.