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Fall 2012

Semiannual Report to Congress - 09/30/2012

This was an historic year for the Postal Service. It was forced to default on two of its prefunding payments into the Retiree Health Benefits Fund due to its liquidity crisis. Without legislative change or other significant action, the Postal Service expects to lose more than $18 billion by 2015. While the situation is desperate, we do not think it is catastrophic. In fact, our work has indicated that the Postal Service has many opportunities to reduce its costs and position itself for new revenue opportunities. The savings from these efforts, some of which would require legislative action, would exceed the Postal Service’s projected shortfalls.

Follow Up on Financial Accountability Audit Report Recommendations

Audit Report - FF-AR-12-009 - 09/28/2012

Accuracy of Electronic Facilities Management System

Audit Report - DA-AR-12-004 - 09/28/2012

Post-Implementation Review Process

Audit Report - CI-AR-12-007 - 09/28/2012

Land Optimization - Northern Virginia District

Audit Report - DA-AR-12-003 - 09/28/2012

City Delivery Operations-Lancaster Carrier Annex

Audit Report - DR-MA-12-003 - 09/28/2012

Mail Transport Equipment-Shortages of Pallets, Tubs, and Trays-Fall 2011

Audit Report - NL-AR-12-011 - 09/28/2012