Post Office Bailout?

| Thu Mar. 26, 2009 5:34 PM EDT
If you're like most people, you've probably given up a few extravagances in recent months. Vacations? Fancy dinners? Mailing a letter?

Yes, we're onto you. You've been cutting corners by denying your great aunt her birthday card. And because of your penny pinching ways, the USPS is about to run out of money. According to Postmaster General John Potter, the postal service is on track to be bankrupt before the end of the year.
Potter told a House subcommittee Wednesday the lingering question is: Which bills will get paid and which will not.
He said he will make sure that salaries are paid, but also said other bills might have to wait. Potter is seeking permission to reduce mail delivery to five days a week and wants to reduce other costs.
Nice one.



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