A struggling U.S. Postal Service announced on Thursday that its financial solvency has taken another heavy blow.
The service fell $5.2 billion further in debt in the third quarter of 2012. amassing $11.6 billion of total debt for fiscal year.
Postmaster Patrick Donahoe has been looking for Congress to pass legislation to make major changes to the way the USPS operates.
“We remain confident that Congress will do its part to help put the Postal Service on a path to financial stability,” Donahoe said in a statement. “We will continue to take actions under our control to improve operational efficiency and generate revenue by offering new products and services to meet our customers’ changing needs.”
The Senate already passed a bill that overhauls the service, but the House hasn’t acted on it’s own version and in an election year, it’s not likely it will.