Postal Service Says Surplus Will Help Keep Rates Stable

From: The Washington Post | Date: December 10, 2003| Author: Brian Faler | Copyright information

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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