U.S. Postal Service Seeks Salvation in Banking
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The U.S. Postal Service has a new idea to get its financial house in order: banking. A white paper released by the USPS Office of the Inspector General projects that offering debit cards and other financial services could generate almost $10 billion in annual revenue. That would be more than enough to cover the $5 billion loss suffered by the Postal Service in the latest fiscal year ended Sept. 30.
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