The House Subcommittee on the Federal Workforce, U.S. Postal Service, and Labor Policy led by Congressman Dennis Ross (R-FL) issued a news release citing the wrong financial figures for USPS. USPS announced a $2.2 billion net loss for the three months ending March 31 but the Ross subcommittee cited in its news release that it was $2.6 billion– a $400 million dollar difference. Well, the subcommittee quietly corrected the numbers AFTER the hearing on May 12, 2011.
This is from the original news release:
WASHINGTON– Four major mailing industry representatives will testify tomorrow morning to the postal service subcommittee of the House Oversight and Government Reform Committee on challenges facing that industry. Yesterday the United States Postal Service announced that it lost $2.6 billion in the three months ending March 31.
The U.S. Postal Service ended the second quarter of this fiscal year (Jan. 1 – March 31, 2011) with a net loss of $2.2 billion, compared to a net loss of $1.6 billion for the same period in FY 2010.
Here is an photo image of the corrected news release:
The Dennis Ross “postal reporter tweeps” are closely watching this committee..