Foxnews By William La Jeunesse The U.S. Postal Service is often the butt of jokes, but there's nothing funny about the agency's bottom line. The USPS is losing up to $25 million dollars a day. Until now, taxpayers have not been on the hook for it… more »

Foxnews The head of the U.S. Postal Service said in an interview that the organization will default -- perhaps as early as this winter -- unless Congress intervenes. Postmaster General Patrick Donahoe's comments reflect a well-known reality that the P… more »

CNN Money By Laurie Segall @CNNMoney NEW YORK (CNNMoney) -- Hundreds of thousands of postal workers could soon lose their jobs, or face drastic changes to their benefits. According to documents obtained by CNNMoney, the United States Postal Service… more »

By Devin Leonard Business Week Phillip Herr looks like many of the men who toil deep within the federal government. He wears blue suits. He keeps his graying hair and mustache neatly trimmed. He has an inoffensively earnest manner. He also has heavy… more »

By Emily Stephenson Reuters WASHINGTON — The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and… more »