
“With each day that passes without enacted postal reform further impacts the Postal Service’s already dire financial condition,” Postmaster General Patrick Donahoe tells congressional lawmakers. (ASSOCIATED PRESS)

“With each day that passes without enacted postal reform further impacts the Postal Service’s already dire financial condition,” Postmaster General Patrick Donahoe tells congressional lawmakers. (ASSOCIATED PRESS)

"We cannot put our head in the sand and say, 'Let's hope this problem goes away.' Hope is not a strategy," said U.S. Postmaster General Patrick Donahoe. (Associated Press)

"We cannot put our head in the sand and say, 'Let's hope this problem goes away.' Hope is not a strategy," said U.S. Postmaster General Patrick Donahoe. (Associated Press)

"To return to long-term profitability and financial stability while keeping mail affordable, we must match our network to the anticipated workload," Postmaster General Patrick Donahoe said. Failure to do so would "create a fiscal hole." (Associated Press)

"To return to long-term profitability and financial stability while keeping mail affordable, we must match our network to the anticipated workload," Postmaster General Patrick Donahoe said. Failure to do so would "create a fiscal hole." (Associated Press)

U.S. Postmaster General Patrick Donahoe talks April 12, 2012, to Ingomar, Mont.-area residents about rural post office closures he says are needed as part of cost-cutting moves. (Associated Press)

U.S. Postmaster General Patrick Donahoe talks April 12, 2012, to Ingomar, Mont.-area residents about rural post office closures he says are needed as part of cost-cutting moves. (Associated Press)

The cost of first-class stamps will increase to 45 cents Jan. 22, a 1-cent increase. Raised postage rates are "needed to help address our current financial crisis," Postmaster General Patrick Donahoe said. (Associated Press)