Today, my friend Ethan forwarded an article from the WSJ that discusses the looming “fiscal cliff” for the United States Postal Service. Quoting the lede:
A record $15.9 billion annual loss pushed the U.S. Postal Service closer to its own fiscal cliff, and officials say without congressional action the agency is likely to run out of cash within 12 months.
It will be interesting to see how President Obama and a Republican-controlled House deal with this issue. More to come.