The United States Postal Service is losing $25 million dollars every single day and is expected to run out of cash sometime next year if nothing is done.
The Senate passed a bipartisan bill to save the post office solvency in April this year. Since then, the post office has defaulted not once, but twice to the tune of $5 billion dollars. Now Congress has just days to pass a postal reform bill.
OutFront tonight: CNN Contributor John Avlon explains how we got here and how there might still be hope for the more than 200-year-old government agency.