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Postal Service Is Nearing Default as Losses Mount

 
Lonerangersilver
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User ID: 1523886
United States
09/08/2011 01:32 AM
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Postal Service Is Nearing Default as Losses Mount
"The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.

“Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said"
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Anonymous Coward
User ID: 1539684
United States
09/08/2011 09:40 AM
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Re: Postal Service Is Nearing Default as Losses Mount
The post office sucks they may have a future if they get rid of all the lazy post masters who open peoples mail and stay around so they can get pentions. Also it is like they do not want you to leave the country the amount they charge for a passport.





GLP