Obama Budget to Address ‘Major Financial Concerns’ of USPS

President Obama is set to present a special Valentine’s Day gift to the U.S. Postal Service this year, in the form of assistance in his latest budget. The struggling USPS needs to address financial problems that saw it posting an $8.5 billion loss last year, with commentators predicting a $6.5 billion loss this year—and possible insolvency.

But this morning, the chairman of the Postal Regulatory Commission revealed that she had been told by White House officials that some assistance will come in the President’s Budget for the 2012 fiscal year, which is due to be announced later this month.