Postal Service Asks Congress for $5 Billion
The Postal Service asked Congress for $5 billion to help it rebound from the Sept. 11 terrorist attacks and anthrax damage and said it has slashed millions of hours from workers’ shifts in an effort to stay afloat.
Without the money, stamp prices could skyrocket, employee hours could be cut more and service could be severely hurt, Postmaster General John Potter told a Senate Appropriations subcommittee.
The attacks have cost the Postal Service $3 billion to $4 billion, he said, citing damage to facilities, medical treatment, environmental testing and buying new equipment.
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