Post Office Bailout?

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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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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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