Two Unions Continue Negotiations with U.S. Postal Service

The Postal Service ended Fiscal Year 2011 with a net loss of $5.1 billion, compared to an $8.5 billion net loss the year before. The 2011 loss would have been approximately $10.6 billion had it not been for passage of legislation that postponed a congressionally mandated payment of $5.5 billion to pre-fund retiree health benefits.