Monday, 05 September 2011 17:50

The Post Office May Shut Down This Winter Unless Congress Authorizes A Bailout

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“Neither rain, nor snow, nor sleet, nor hail shall keep the postmen from their appointed rounds.” But unless Congress steps in, bankruptcy will...

"The New York Times reports that unless the House and Senate take drastic action in the next few months, one of the nation's oldest institutions — which employs 574,000 Americans — may be forced to shut down.

“'Our situation is extremely serious,' the postmaster general, Patrick R. Donahoe, told the Times. 'If Congress doesn’t act, we will default.'"

September 30th is the deadline. That's just 25 days. Take heed. -- MCR

Click to read Business Insider article


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