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Oversight Committee Launches Website to Save USPS

September 1, 2011
The House Committee on Oversight and Government Reform has launched to educate the public about the Postal Service’s financial troubles and some possible solutions. U.S. Postmaster General Patrick Donahoe has said that the U.S. Postal Service will default on its obligations to the federal government on September 30, at the end of the current fiscal year.

It is not clear what will happen if the Postal Service does default. In a video to introduce the new website, Oversight drives this point home, pointing to the parallels between USPS’s financial situation and that of banks and car makers which ultimately

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Source: Yahoo! News



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