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
soundoff (No Responses)

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.