Postmaster General: Post Office In Midst Of Financial Disaster
NEW YORK (CBSNewYork/AP) – Neither snow, nor rain, nor heat, nor gloom of night will keep a postal carrier from delivering your mail.
But lack of money might.
Postmaster General Patrick Donahoe said his agency is in “the midst of a financial disaster” and may need an emergency increase in postage rates to keep operating.
Donahoe told a Senate committee Thursday that “the Postal Service as it exists today is financially unsustainable.”
He’s asking Congress to let the Postal Service end Saturday mail delivery and reduce its annual payments for future retiree health benefits.
Check Out These Other Stories From CBSNewYork.com:
- Christmas Celebrations Underway In New York And Around The World
- Sony Announces Online Streaming Of ‘The Interview'; Movie Will Also Have Limited Theatrical Release
- Historians Prepare To Mark Crossing Of The Delaware
- Residents Swarm Peter’s Fish Market For Feast Of The Seven Fishes
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)