-USPS: Postal Service recognized for outstanding financial management.

0 Comments | M2 Presswire, October, 1998

M2 PRESSWIRE-12 October 1998-USPS: Postal Service recognized for outstanding financial management (C)1994-98 M2 COMMUNICATIONS LTD RDATE:081098 WASHINGTON -- The U.S. Postal Service was honored today by Treasury & Risk Management magazine with two Alexander Hamilton Awards for excellence in the management of postal finances.

The Postal Service stands out from this year's distinguished group of honorees as one of only two government organizations among a group of the country's best managed corporations. The Postal Service is being recognized for excellence in the Cash Management and Corporate Finance categories. Faced in 1992 with $9.9 billion in outstanding debt and annual interest payments of about $765 million dollars, postal finance managers embarked...