What else is new, USPS cant make its $5,000,000,000 dollar payment due this Friday....think about how many more losses the USPS is going to run up in the next decade as mail becomes obsolete, yes I said obsolete, everything is going paperless, I have a company that completely stopped sending me bills in the mail, everything is done over the internet and thats what every company wants to do, companies now are telling you to sign up for automatic pay, you can even pay bills using your smartphone, so as mail volume continues to drop the USPS will run into more debt..... Post office losses mount to $5.1 billion last year US Postal Service loses $5.1 billion and faces default this week as financial woes mount APBy Hope Yen, Associated Press | AP â 2 hours 7 minutes ago WASHINGTON (AP) -- The U.S. Postal Service says it lost $5.1 billion last year as a weak economy and increased Internet use drove down mail volume. The bleak financial report for the fiscal year ending Sept. 30 was not as high as the $10 billion in losses previously estimated. But that's because an annual payment of $5.5 billion the post office owed the federal government has been deferred to a later date. Postal officials called the financial situation "dire." They say the Postal Service will not be able to make the $5.5 billion payment due this Friday due to low cash flow. Postmaster General Patrick Donahoe has warned of a postal shutdown next year unless there is congressional action to address the agency's long-term money problems.