September 6, 2011 4:38 PM

Is the post office too big to fail? Maybe not

Talk in recent weeks of post office closings and the elimination of Saturday mail delivery has shifted to a more dire prospect: The entire U.S. Postal Service could go out of business within a year. Postmaster General Patrick Donahoe said the postal service is running out of money and could go into default as soon as next month unless Congress acts, he testified at a Senate hearing Tuesday.

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