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December 10th, 2012
08:17 PM ET

U.S. Postal Service in trouble, losing $25 million daily

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.


Filed under: News • Politics
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