AP report: USPS could see $2 billion loss this year

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The Associated Press reported yesterday that the US Postal Service could see a $2 billion loss this year as a result of "tough economic times."

According to the story, Postmaster General John Potter spoke about the many challenges the USPS faces, including high fuel costs, at a convention of the National Association of Postmasters of the United States in St. Louis on Monday.

The AP reported that Potter said that the USPS needed to do more to "reduce bureaucracy, cut costs and embrace technology."

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