USPS Postmaster General Says Congress Isn't Even Close To Saving Postal Service

Postmaster General Patrick Donahoe says bills currently in Congress "do not come close" to saving the Postal Service. He spoke at a National Press Club Luncheon Monday. Donahoe says none of the current legislation gives Postal the speed and flexibility it needs to cut annual costs by $20 billion. He says they would give the Postal Service at best a couple of years of profitability and at least many decades of steep losses. Donahoe is asking for a new bill that would let his agency cut Saturday mail service and reduce its workforce. It is also studying 4,000 facilities for closure.