USPS Won't Get Help Any Time Soon

Fat chance Congress will pass a bill this summer to help the Postal Service. House leaders have decided to postpone a vote despite protests from the agency and the Senate. The House Oversight Committee has approved legislation that would create a panel. It would have the power to reshape the Postal Service's network, like the Base Realignment and Closure Commission does for the military. The Postal Service is supposed to pay $5.5 billion to the Treasury in August for pension costs. Sen. Tom Carper (D-Del.) said the agency will have to default in the absence of a law granting a reprieve.