USPS Wants Immediate Control

The U.S. Postal Service could lose up to $10 billion a year, and may go broke by the end of this month.

That's what Postmaster General Patrick Donahoe is expected to tell Congress this morning when he testifies before the Senate Homeland Security and Governmental Affairs Committee. The Postal Service has been working to get lawmakers to grant them the legal authority to change delivery schedules, close postal offices and possibly lay off hundreds of thousands of workers.