WRVO-FM: Robert Siegel

12:47pm

Tue November 22, 2011
Politics

Postmaster: Postal Service In Dire Financial Straits

Originally published on Wed November 23, 2011 12:07 pm

U.S. Postmaster General Patrick Donahoe said Monday that the Postal Service is in "a deep financial crisis" because it has a "business model that is tied to the past."
Karen Bleier AFP/Getty Images

U.S. Postmaster General Patrick Donahoe appealed to Congress on Monday to help him reform the Postal Service.

"We're in a deep financial crisis today because we have a business model that is tied to the past. We are expected to operate like a business, but do not have the flexibility to do so," he said at the National Press Club.

Donahoe also rejected the postal reform bills that have passed committees of the Republican-controlled House and the Democratic Senate.

Read more