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.





What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet



© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.