Postal Service Reports $5.2B Loss In 3rd Quarter - Spokane, North Idaho News & Weather KHQ.com

Postal Service Reports $5.2B Loss In 3rd Quarter

Posted: Updated:

WASHINGTON (AP) - The ailing U.S. Postal Service is reporting quarterly losses of $5.2 billion.
    
From April to June, losses were $2.1 billion more than during the same period in 2011.
    
The mail agency said it is being hurt significantly by mounting costs for future retiree health benefits. Those expenses made up $3.1 billion of the post office's quarterly loss.
    
Declining first-class mail volume also contributed to losses.
    
The Postal Service for months has been urging Congress to pass legislation that would allow it to eliminate Saturday mail delivery and reduce the annual health payment of $5 billion. The post office defaulted on that payment last week after the House failed to take action.
    
The mail agency says it will miss a second $5.6 billion payment due next month as cash runs low.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • PHOTOS: Wildfires in Central Washington

    PHOTOS: Wildfires in Central Washington

    Tuesday, August 19 2014 1:39 PM EDT2014-08-19 17:39:31 GMT
    KHQ.COM - It has been an intense year for wildfires all over the northwest. The photos in this slideshow were taken 8/7 - 8/11 by KHQ photographer Reed Schmitt. Most of the photos are from the Methow Valley area around Winthrop. A few shots are from the North Cascades Smokejumper Base and also from a horseback ride at Sun Mountain near Patterson Lake. The final shot is of Grand Coulee Dam almost completely obscured by smoke.>>
    KHQ.COM - It has been an intense year for wildfires all over the northwest. The photos in this slideshow were taken 8/7 - 8/11 by KHQ photographer Reed Schmitt. Most of the photos are from the Methow Valley area around Winthrop. A few shots are from the North Cascades Smokejumper Base and also from a horseback ride at Sun Mountain near Patterson Lake. The final shot is of Grand Coulee Dam almost completely obscured by smoke.>>
  • CAUGHT ON TAPE: Woman accused of stealing from community center

    CAUGHT ON TAPE: Woman accused of stealing from community center

    Tuesday, August 19 2014 6:09 PM EDT2014-08-19 22:09:34 GMT
    SPOKANE, Wash. - Surveillance footage appears to show a woman in Spokane stealing a car and a purse from a community center on Spokane's South Hill. Spokane Police are investigating the crime that happened last Thursday at the East Central Community Center, located just south of Interstate 90. The victim, Madeline Antcliff, is a junior at Gonzaga Prep High School.>>

    SPOKANE, Wash. - Surveillance footage appears to show a woman in Spokane stealing a car and a purse from a community center on Spokane's South Hill. Spokane Police are investigating the crime that happened last Thursday at the East Central Community Center, located just south of Interstate 90. The victim, Madeline Antcliff, is a junior at Gonzaga Prep High School. She has volunteered at the community center for the last two months.

    >>
  • Veteran rock climber killed in fall in Yosemite after marriage proposal

    Veteran rock climber killed in fall in Yosemite after marriage proposal

    Tuesday, August 19 2014 9:46 AM EDT2014-08-19 13:46:15 GMT
    SEBASTOPOL, Calif. (AP) - Authorities say a veteran rock climber died in a fall while climbing alone in Yosemite National Park - just hours after proposing to his girlfriend during an earlier climb. The Santa Rosa Press Democrat says Brad Parker's girlfriend, Jainee Dial, had accepted his marriage proposal after the pair completed a climb of Cathedral Peak Saturday.>>
    SEBASTOPOL, Calif. (AP) - Authorities say a veteran rock climber died in a fall while climbing alone in Yosemite National Park - just hours after proposing to his girlfriend during an earlier climb. The Santa Rosa Press Democrat says Brad Parker's girlfriend, Jainee Dial, had accepted his marriage proposal after the pair completed a climb of Cathedral Peak Saturday.
    >>