The Postal Service is limping along so badly that the postmaster general is practically throwing himself at the mercy of Congress. Bad, not in a hyperbolic doomsday way. Just real, real bad: On Wednesday, Patrick R. Donahoe told a congressional committee that the USPS is losing $25 million daily. Donahoe said the Postal Service is "operating with a broken business model," and needs the flexibility to change its business practices, otherwise your friendly neighborhood mail carrier will soon become "a significant burden to the taxpayer," no matter how much the price of stamps goes up. Donahoe recently backed away from his push for five-day delivery service, which he said would save $2 billion annually. [Source]
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