LOCAL 8 WEATHER ALERT: Patches of black ice are possible, even on roads that have been cleared, because of refreezing. We have at least several inches of snow on the ground across East Tennessee. Some roads may be unplowed or untreated, make driving difficult with packed snow and ice.
WASHINGTON (AP) -- The U.S. Postal Service says it lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail.
The agency's quarterly loss was significantly higher than its $740 million loss during the same three-month period last year. The agency said revenue jumped 2 percent compared to last year. But because of compensation and benefit costs, the agency continues to face a deficit.
Agency officials said the Postal Service would likely remain in bad shape unless Congress acts on reform legislation. In a statement released Monday, the agency said it would have to default on a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees.
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