Insolvent US Postal Service Loses Whopping $5.2 Billion In Third Quarter, 70% Higher Than Year Ago

(Before It's News)

from Zero Hedge

The epic collapse of one of the most bloated government institutions continues at a ridiculous pace. From Bloomberg:

• U.S. POSTAL SERVICE LOST $5.2 BILLION IN THIRD QUARTER
• POSTAL SERVICE LOSS Q3 COMPARES WITH $3.1 BILLION LOSS YEAR AGO
• POSTAL SERVICE 3Q REVENUE FALLS TO $15.6 BILLION FROM $15.8B
• POSTAL SERVICE `LIQUIDITY CHALLENGES’ REMAIN IN 2013
• POSTAL SERVICE MAIL VOLUME FALLS 3.5 PERCENT IN THIRD QUARTER
• POSTAL SERVICE WILL CONTINUE TO PAY EMPLPOYEES, SUPPLIERS

And it gets better:

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