At least someone likes junk mail.
The U.S. Postal Service, which is struggling with debt and low cash flow, has received a boost due to the tons of political mail being sent this election season, including pieces from Super PACs, which are willing to pay the highest postage rates, according to CNN.
"We do expect election mail and the current holiday mailing season to help us get through this month's low point in our cash flow," USPS spokesman David Partenheimer told CNN, while admitting that the "liquidity situation" for the USPS is still "serious."
The U.S. postal service is struggling with debt and low cash flow. (The Atlantic Wire)
The post office lost $5.1 billion in its 2011 fiscal year, after experiencing a 5.8 percent decline in revenue for first-class mail, according to the Washington Post. The Post goes on to say "earlier this year, it was forced to default on two payments due to the Treasury totaling $11.1 billion for future retiree health benefits because it lacked sufficient cash reserves."
Now the USPS appears to have found a reprieve, after candidates,Read More »from Postal Service gets boost from election