Postal Loss May Lead to Extreme Action

Postal Loss May Lead to Extreme Action, Postmaster Says: The U.S. Postal Service added to its losses in the second quarter and is closer to needing “extreme action” to keep it afloat, Postmaster General Patrick Donahoe said.

http://www.dmnews.com/lack-of-legislative-reform-costs-usps-31-billion-so-far-this-year/article/292908/ 
Lack of Legislative Reform Costs USPS $3.1 Billion So Far This Year

http://www.piworld.com/aggregatedcontent/donahoe-lays-out-the-future-of-the-usps

In April, the USPS delayed its implementation of five-day delivery schedule until legislation is passed that provides the USPS with the authority to implement a financially appropriate and responsible delivery schedule. According to Post Master General and CEO Patrick Donahoe, if legislation doesn’t pass, the postal service will have to do something to get revenue in the organization.