Postal Service Faces Gloom Of Economy
The U.S. Postal Service announced Wednesday that it lost $2.4 billion between April and June. It's on track to be $7 billion in debt by the end of September.
"What has occurred with the economy is unprecedented," Postmaster General John Potter said. "It's created, obviously, a much bigger challenge than we are able to respond to in a very quick manner."
Potter is appearing before a Senate panel Thursday to talk about the financial troubles.
Lawmakers have urged the Postal Service to make hard choices. But truth be told, lawmakers, not the Postal Service, have been the ones dragging their feet.
"This is a mixed message that we're sending," Sen. Tom Carper (D-DE) said.