U.S. Postmaster General Patrick Donahoe has said that the United States Postal Service will default on its obligations to the federal government on September 30, at the end of the current fiscal year.
Now the House Committee on Oversight and Government Reform has launched SavingThePostalService.com to educate the public about the Postal Service’s financial troubles and some possible solutions. The Postal Service lost $8.5 billion in the last fiscal year. (RELATED: Issa spokesman: NYT burying Fast and Furious story shows bias)
Thursday, September 01, 2011
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