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Armstrong says Postal Service reaped financial benefits from sponsorship

Lance Armstrong’s legal team released studies on Friday conducted by the US Postal Service saying the US government sponsorship of his Tour de France team produced a triple return on investment. The documents were made public as the US government joined a lawsuit that claims Armstrong — who admitted to…

U.S. Postal Service eyes 35,000 job cuts

WASHINGTON — The US Postal Service unveiled Thursday a drastic downsizing scheme for the embattled public company, including cutting 35,000 jobs, as it seeks to avoid collapse amid a “new reality” in the economy. “Faced with a massive nationwide infrastructure that is no longer financially sustainable,” the USPS said it…

US Postal Service warns it could default

The US Postal Service warned on Friday that it could default on payments it owes the federal government, just days after the US government itself narrowly averted a default. The government’s mail service said it lost $3.1 billion in the period from April to June, blaming “the anemic state of…

US post office mixes up Statue Liberty stamp

NEW YORK (AFP) – The US post office had egg on its face Friday after realizing that a stamp showing the Statue of Liberty in close up was not taken in New York’s harbor, but Las Vegas. The mix-up in the 44 cent stamp meant that envelopes are in fact…

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