What would America do without its government-run postal monopoly? The U.S. Postal Service is set to go bust within a few weeks absent yet another multibillion-dollar bailout. If it doesn't get one, the postman threatens to cancel Christmas deliveries. This threat could safely be ignored if only we'd permit companies like DHL, FedEx and UPS to handle regular mail in addition to packages. The only thing we'd miss without USPS would be long lines and a careless postman losing our mail.
Postmaster General Patrick Donahoe warned that the U.S. Postal Service is on "the brink of default" as he struggles to keep his agency solvent.
The U.S. Postal Service, on the brink of bankruptcy, is facing two key deadlines in the coming weeks that could define its solvency and future ability to deliver the nation's mail.
Legendary Hollywood director Billy Wilder is being honored with a postage stamp.
Legendary Hollywood film director John Huston is being honored with a postage stamp.
Alan Kessler, longtime member of the the Board of Governors for the U.S. Postal Service, resigned last month just weeks after an investigation concluded that he pressured postal officials in a real estate transaction involving a personal friend.
The money-losing U.S. Postal Service is hoping the Justice Department will resolve a dispute with the Office of Personnel Management (OPM) over the fate of billions of dollars in overpaid retirement payments for postal workers.
John E. Potter was named to head the Metropolitan Washington Airports Authority on Wednesday, six months after finishing a decade-long stint overseeing the financially beleaguered U.S. Postal Service.