92
      Thursday
      93 / 73
      Friday
      91 / 73
      Saturday
      92 / 74

      USPS keeps losing money, Congress weighs action

      Last week, Postmaster General Patrick Donahoe reported a $15.9 billion dollar loss in 2012 and forecast more red ink in 2013. That sobering statistic capped a rough year for the postal service. They defaulted on billions in payments to avoid a bankruptcy filing.

      Joe Davidson, 'Federal Diary' columnist for The Washington Post, discussed the relationship between USPS and Congress on Capital Insider.