Postal Service’s future is at risk, its chief warns

By Steven Greenhouse

New York Times / November 22, 2011

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Unless Congress passes far-reaching legislation soon to give the Postal Service the flexibility it needs to cut costs, the agency will suffer disastrous losses that could jeopardize its long-term future, Patrick R. Donahoe, the postmaster general, warned on Monday. Speaking at a National Press Club luncheon, Donahoe said that neither of the two bills passed recently by House and Senate committees went far enough to help the post office achieve its goal of cutting $20 billion from its annual costs, which are now about $75 billion, by 2015.

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