USPS sees $8.5 billion loss, warns Congress it'll be broke by 2011

USPS sees $8.5 billion loss, warns Congress it'll be broke by 2011: "The financially troubled U.S. Postal Service reported an $8.5 billion loss in the fiscal year that ended in September and said it will run out of money in 2011 if economic conditions don't improve and Congress doesn't act.
A drop in first-class mail deliveries contributed to an overall 6 billion-piece decline in mail volume last fiscal year, to 170.6 billion pieces, officials said. Financial losses also came from about $5.4 billion in obligations to pre-fund retiree health benefits and about $2.5 billion paid to the federal government's workers' compensation insurance fund.
All federal agencies and the USPS, a quasi-federal outfit, have workers' compensation obligations to help fund four major disability compensation programs"