WASHINGTON (AP) - The head of the financially struggling U.S. Postal Service says the agency must be allowed to ease the terms of prepayments into a retiree health care fund and eliminate general mail delivery on Saturday.
Patrick Donahoe tells "CBS This Morning" the agency isn't asking Congress for money.
He says, "I think most people don't realize, we're 100 percent self-sufficient. We pay our own way." But the postal chief notes the agency is losing $15.9 billion this year.
If they were 100% self-sufficient, they wouldn't have reached their borrowing limit from taxpayers, at nearly 15 billion.
ReplyDeleteLying doesn't make the underlying problem go away.