Postal Service Operating In The Red

By Scott Sarvay

November 12, 2010 Updated Nov 12, 2010 at 7:16 PM EDT

WASHINGTON (Indiana's NewsCenter) - Officials with the Post Office said it lost $8.5 billion last year despite deep cuts of more than 100,000 jobs and other reductions in recent years.

The Post Office had estimated it would lose $6- 7 billion, but a sharp decline in mail took a toll.

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