The Nation - News from July 10, 1985
- Share via
The U.S. Postal Service is likely to finish the year with a loss of as much as $500 million, the chairman of the agency’s Board of Governors told the House Post Office Committee. Chairman John R. McKean said the financial results “are apparently attributable to a number of factors, including overly optimistic volume projections.” But, he said there are no plans for a new increase in mail rates on top of the increase that took effect Feb. 17.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
