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Postal Service Says Surplus Will Help Keep Rates Stable
From:
The Washington Post
| Date:
December 10, 2003| Author:
Brian Faler
| Copyright 2003 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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The U.S. Postal Service finished its 2003 fiscal year, officials
announced yesterday, with a multibillion-dollar surplus -- a
development that will help keep postal rates unchanged until 2006.
The agency, which has battled persistent financial shortfalls,
ended the year with a $3.9 billion surplus, about $300 million more
than expected. It is the agency's first surplus since fiscal 1999.
"These financial results are important to the American consumer
and American business, for th...
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