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The US Postal Service is bleeding more red.
The latest numbers show it lost nearly one point nine billion dollars in the second quarter.
Officials blame the loss on declines in mail volume and new requirements mandated by congress.
That forced the agency to -- five point five billion dollars into a fund for future retirees.
Now on a positive note less money was lost this year than last because of cost cutting measures.
That forced this US Postal Service to make itself -- The Postal Service backed out on its plan to stop delivering mail on Saturdays after congress forced to cancel that.
The financial trouble the Postal Service could make mailing a letter a little more expensive for you if congress doesn't act.
At the agency's board meeting postmaster general Patrick Donahoe said price increases are possible saying quote.
We're not eager to go above and beyond the price changes he continued quote we urge congress to act quickly.
Now while waiting for -- congressional overhaul post office officials report.
That they lose 25 million dollars a day lock on -- foxbusiness.com.
For more on this story and so much more in New York I'm -- claimant.
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