LA is Marching Toward Its Own Fiscal Cliff: BANKRUPTCY

07Dec2012

Written by Ken Alpern

POL
ITICO

The U.S. Postal Service is in the midst of a financial crisis that could lead to a bankruptcy filing, according to a report from the Government Accountability Office.

The GAO report, released Tuesday, said the Postal Service is facing a $15 billion shortfall in its 2012 budget