Postal Service on the Edge

Things are getting serious for the Postal Service, Ed O'Keefe notes today.

With Congress deciding not to provide $4 billion in cash relief to USPS in the stopgap funding measure that took shape Tuesday, the agency faces a tough decision: whether or not it can afford to make a $5.5 billion payment to prefund retiree health benefits on time. Either way, USPS could be looking at deep cuts in operational costs--including furloughs of postal workers that could affect mail delivery.