Post Office

This Sunday, the U.S. Postal Service won't be able to pay its latest $5.6 billion dollar obligation. This will be its second default; on Aug. 1 it failed to come up with a $5.5 billion dollar payment. The Service is warning of expected losses this year unless something is done:

Curtis Gregory Perry Photo / Flickr

U.S. postage rates went up again at the start of this year. But the service is still in financial crisis.

And letter carriers say the latest legislative fix about to come before the U.S. Senate could devastate the mail service as we know it.

Rob Weir / Flickr

We’re going postal on you this week. Songs about letters and mail abound, and no wonder, with over 570,000 workers, the US Postal Service is the second largest employer in the US, behind Wal-Mart.