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U.S. Postal Service: Restructuring Urgently Needed to Achieve Financial Viability: Congressional Testimony
Phillip Herr (au)
The U.S. Postal Serviceís (USPS) financial condition has worsened since Jan. 2009, with the recession and changing mail use causing dramatic declines in mail volume and revenues despite postal rate increases. USPS expects these declines to lead to losses and cash shortfalls even if ambitious cost-cutting is achieved. USPSís business model has relied on growth in mail volume to cover costs, but USPS has not been able to cut costs fast enough to offset the accelerated decline in mail volume and revenue. This testimony: (1) updates USPSís financial condition and outlook and explains the decision to place USPSís financial condition on the High-Risk List; and (2) presents options and actions that the USPS can take. Charts and tables.
Itís Never Too Late to Get Rich: Secrets of Building a Nest Egg at Any Age
Around the American Table: Treasured Recipes & Food Traditions from the American Cookery Collections of the New York Public Library
War of the Rebellion: Official Records of the Union & Confederate Armies: Series I, Volume I
Dynamic Nutrition for Maximum Performance: A Complete Nutritional Guide for Peak Sports Performance
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