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	<title>PostalReporter News Blog &#187; postal finances</title>
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	<description>Postal News, Postal Articles and Information</description>
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		<title>2006 Postal Reform Law Continues to Drive Up USPS Net Losses For FY 2012</title>
		<link>http://www.postalreporternews.net/2011/12/29/2006-postal-reform-law-continues-to-drive-up-usps-net-losses-for-fy-2012/</link>
		<comments>http://www.postalreporternews.net/2011/12/29/2006-postal-reform-law-continues-to-drive-up-usps-net-losses-for-fy-2012/#comments</comments>
		<pubDate>Thu, 29 Dec 2011 14:53:21 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[posral news]]></category>
		<category><![CDATA[postal reform]]></category>
		<category><![CDATA[usps]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=9237</guid>
		<description><![CDATA[USPS Needs New Math to Explain November 2011 Net Loss of $1.8 Billion The US Postal Service filed its second month preliminary financial report of the 2012 fiscal year (unaudited) with the Postal Regulatory Commission (PRC) . USPS reported a net operating loss of $1.267 billion for the month of  November 2011. This same period [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/12/29/2006-postal-reform-law-continues-to-drive-up-usps-net-losses-for-fy-2012/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Editorial: USPS Financial Crisis, Self Inflicted?</title>
		<link>http://www.postalreporternews.net/2011/12/07/editorial-usps-financial-crisis-self-inflicted/</link>
		<comments>http://www.postalreporternews.net/2011/12/07/editorial-usps-financial-crisis-self-inflicted/#comments</comments>
		<pubDate>Wed, 07 Dec 2011 15:17:20 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[APWU]]></category>
		<category><![CDATA[Articles]]></category>
		<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[usps]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=9048</guid>
		<description><![CDATA[Can USPS Management Be Trusted to Repair It&#8217;s Own Damage? The article below was written several months ago but it&#8217;s still a timely. There are some very simple factors and a deliberate unspoken agenda that explain everything that is going on with the financial “crisis” and proposed “cures” at the US Postal Service today. First [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/12/07/editorial-usps-financial-crisis-self-inflicted/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
		</item>
		<item>
		<title>USPS Financial History Summary 2007-2011</title>
		<link>http://www.postalreporternews.net/2011/11/27/usps-financial-history-summary-2007-2011/</link>
		<comments>http://www.postalreporternews.net/2011/11/27/usps-financial-history-summary-2007-2011/#comments</comments>
		<pubDate>Mon, 28 Nov 2011 07:58:43 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[usps]]></category>
		<category><![CDATA[postal]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8934</guid>
		<description><![CDATA[Below is a summary of USPS&#8217; Financial History from 2007-2011. The summary shows that USPS  net financial losses started after the &#8220;Postal Accountability and Enhancement Act&#8221;  (PAEA)  was passed into law  on December 20, 2006.  The PAEA  required USPS to pre-fund its Retiree Health Benefit Fund for current and future employees.  According to USPS, &#8220; we [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/11/27/usps-financial-history-summary-2007-2011/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>NY Congressman Condemns USPS Plan To Correct Financial Woes by Closing Post offices</title>
		<link>http://www.postalreporternews.net/2011/11/19/ny-congressman-condemns-usps-plan-to-correct-financial-woes-by-closing-post-offices/</link>
		<comments>http://www.postalreporternews.net/2011/11/19/ny-congressman-condemns-usps-plan-to-correct-financial-woes-by-closing-post-offices/#comments</comments>
		<pubDate>Sat, 19 Nov 2011 12:47:49 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[politics]]></category>
		<category><![CDATA[post office closings]]></category>
		<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[press releases]]></category>
		<category><![CDATA[usps]]></category>
		<category><![CDATA[Congressman Eliot Engel]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8860</guid>
		<description><![CDATA[and Slashing hundreds of  Thousands Of Jobs From the office of Congressman Eliot Engel (D-NY-17) POST OFFICE NEEDS OVERHAUL, NOT U-HAULS 11/18/11 Washington, DC &#8212; Congressman Eliot Engel (D-NY-17) issued the following statement condemning the U.S. Postal Service for singling out post offices for closure, and considering slashing hundreds of thousands of jobs, while failing [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/11/19/ny-congressman-condemns-usps-plan-to-correct-financial-woes-by-closing-post-offices/feed/</wfw:commentRss>
		<slash:comments>22</slash:comments>
		</item>
		<item>
		<title>DOJ Advises USPS To Resume FERS Payments Despite Overfunding Of $11.4 Billion</title>
		<link>http://www.postalreporternews.net/2011/11/15/doj-advises-usps-to-resume-fers-payments-despite-overfunding-of-11-4-billion/</link>
		<comments>http://www.postalreporternews.net/2011/11/15/doj-advises-usps-to-resume-fers-payments-despite-overfunding-of-11-4-billion/#comments</comments>
		<pubDate>Wed, 16 Nov 2011 06:43:26 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[usdoj]]></category>
		<category><![CDATA[usps]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8805</guid>
		<description><![CDATA[According to USPS: In June 2011, both the Postal Service and OPM agreed to seek a resolution  surrounding the Postal Service&#8217;s’ decision to withhold payments of its FERS contributions by submitting a request for a legal opinion from the Office of Legal Counsel (OLC) at the Department of Justice. Based on advice received from the [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/11/15/doj-advises-usps-to-resume-fers-payments-despite-overfunding-of-11-4-billion/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>NALC statement on USPS financial losses</title>
		<link>http://www.postalreporternews.net/2011/11/15/nalc-statement-on-usps-financial-losses/</link>
		<comments>http://www.postalreporternews.net/2011/11/15/nalc-statement-on-usps-financial-losses/#comments</comments>
		<pubDate>Wed, 16 Nov 2011 04:38:02 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[NALC]]></category>
		<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[press releases]]></category>
		<category><![CDATA[NALC President Fredric Rolando]]></category>
		<category><![CDATA[usps]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8795</guid>
		<description><![CDATA[Nov. 15, 2011 — For the first time since the recession began in 2007, this year’s Postal Service loss was largely driven by the continued impact of the worst recession in 80 years and the effect of Internet technology—above and beyond the crushing and unique burden of the congressional mandate to pre-fund future retiree health [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/11/15/nalc-statement-on-usps-financial-losses/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>USPS Ends Fiscal Year 2011 with $5.1 Billion Loss</title>
		<link>http://www.postalreporternews.net/2011/11/15/postal-service-ends-fiscal-year-2011-with-5-1-billion-loss/</link>
		<comments>http://www.postalreporternews.net/2011/11/15/postal-service-ends-fiscal-year-2011-with-5-1-billion-loss/#comments</comments>
		<pubDate>Tue, 15 Nov 2011 19:45:52 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[usps]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8781</guid>
		<description><![CDATA[Growth in Shipping Services; Continued Decline in First-Class Mail Volume WASHINGTON — The U.S. Postal Service ended its 2011 fiscal year (Oct. 1, 2010 – Sept. 30, 2011) with a net loss of $5.1 billion. The year-end loss would have been approximately $10.6 billion had it not been for passage of legislation that postponed a [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/11/15/postal-service-ends-fiscal-year-2011-with-5-1-billion-loss/feed/</wfw:commentRss>
		<slash:comments>18</slash:comments>
		</item>
		<item>
		<title>Postal Service to Announce FY 2011 Financial Results on Nov. 15</title>
		<link>http://www.postalreporternews.net/2011/10/24/postal-service-to-announce-fy-2011-financial-results-on-nov-15/</link>
		<comments>http://www.postalreporternews.net/2011/10/24/postal-service-to-announce-fy-2011-financial-results-on-nov-15/#comments</comments>
		<pubDate>Mon, 24 Oct 2011 20:11:02 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[usps]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8537</guid>
		<description><![CDATA[CFO Briefing Follows Board of Governors Open Session Meeting WASHINGTON — The Postal Service will release its FY 2011 financial results on Nov. 15 during an open session meeting of the Board of Governors. Following the meeting, Chief Financial Officer Joe Corbett will host a telephone/web conference call to discuss the results. The call with [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/10/24/postal-service-to-announce-fy-2011-financial-results-on-nov-15/feed/</wfw:commentRss>
		<slash:comments>26</slash:comments>
		</item>
		<item>
		<title>House Committee Releases Very Misleading Video On Who Supports Issa-Ross Postal Reform Bill</title>
		<link>http://www.postalreporternews.net/2011/10/12/house-committee-releases-very-misleading-video-on-who-supports-issa-ross-postal-reform-bill/</link>
		<comments>http://www.postalreporternews.net/2011/10/12/house-committee-releases-very-misleading-video-on-who-supports-issa-ross-postal-reform-bill/#comments</comments>
		<pubDate>Wed, 12 Oct 2011 16:23:15 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[politics]]></category>
		<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[postal reform]]></category>
		<category><![CDATA[press releases]]></category>
		<category><![CDATA[scams]]></category>
		<category><![CDATA[usps]]></category>
		<category><![CDATA[videos]]></category>
		<category><![CDATA[Congressman Darrell Issa]]></category>
		<category><![CDATA[Congressman Dennis Ross]]></category>
		<category><![CDATA[House Committee On Oversight]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8390</guid>
		<description><![CDATA[This news release and video suggests that the entire House Committee On Oversight and Government Reform and all Senators support the Issa-Ross-McCain Postal Reform Bill as well as the views on the USPS overpayment. However, only one member of the Committee has signed on as a co-sponsor for HR 2309. Very misleading on all fronts. [...]]]></description>
		<wfw:commentRss>http://www.postalreporternews.net/2011/10/12/house-committee-releases-very-misleading-video-on-who-supports-issa-ross-postal-reform-bill/feed/</wfw:commentRss>
		<slash:comments>26</slash:comments>
		</item>
		<item>
		<title>Congressman Amash Issues Statement on Postal Service Default</title>
		<link>http://www.postalreporternews.net/2011/10/01/congressman-amash-issues-statement-on-postal-service-default/</link>
		<comments>http://www.postalreporternews.net/2011/10/01/congressman-amash-issues-statement-on-postal-service-default/#comments</comments>
		<pubDate>Sun, 02 Oct 2011 06:49:48 +0000</pubDate>
		<dc:creator>postal</dc:creator>
				<category><![CDATA[politics]]></category>
		<category><![CDATA[postal]]></category>
		<category><![CDATA[postal finances]]></category>
		<category><![CDATA[postal news]]></category>
		<category><![CDATA[press releases]]></category>
		<category><![CDATA[usps]]></category>
		<category><![CDATA[Congressman Justin Amash]]></category>

		<guid isPermaLink="false">http://www.postalreporternews.net/?p=8277</guid>
		<description><![CDATA[USPS Fails to Make $5.5 Billion Payment Washington, D.C. – (September 30, 2011) Rep. Justin Amash (R-MI), Vice Chairman of the Subcommittee on the Federal Workforce, U.S. Postal Service, and Labor Policy, issued the following statement on the U.S. Postal Service’s default: “Later today, the Postal Service will default on a $5.5 billion payment owed [...]]]></description>
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		<slash:comments>40</slash:comments>
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