USPS - 80% of post offices losing money

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One reason the U.S. Postal Service is teetering on financial ruin: four in five post offices lose money. And shutting any of the 32,662 outlets down is nearly impossible.

As mail volume plummeted 12 percent from 1999 to 2009, the number of post offices, stations, branches and carrier annexes shrank only 3 percent.

More than half of those outlets generate less revenue than the average self-service mail kiosk, Postmaster General John Potter said at a news conference this month.

"We need to rationalize our postal-owned locations," Potter said.

It may need to, but it can't. The agency has been stymied by procedural hurdles, opposition from lawmakers and unions, and the public's emotional bond to an institution that it uses less and less.

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