Is A Postal Service Bailout On The Horizon?

By Scott Sarvay

June 18, 2010 Updated Apr 13, 2010 at 4:34 PM EST

UNDATED (Indiana's NewsCenter) - A new federal study sounds an ominous warning on the fiscal health of the U.S. Postal Service.

The Government Accountability Office reports the Post Office could lose more than $238 billion over the next decade.

And if no action is taken the study says the Post Office could lapse into insolvency.

Insolvency could lead to a bailout by taxpayers.

There have been several suggestions to save money including the elimination of Saturday delivery.

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