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Politics : Politics for Pros- moderated
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From: DMaA5/10/2010 10:02:05 AM
2 Recommendations   of 794105
 
Postmaster General says give us $6Billion in cash (ONCE A MONTH FOREVER) or our paychecks start bouncing this fall:

The way Postmaster General John E. Potter sees it, he has less than six months to convince Congress and the nation of the urgent need to retool the U.S. Postal Service for the 21st century.

By fall, the Postal Service won't have enough money to make payroll, Potter predicts. But big customers, regulators, lawmakers and organized labor still have to be won over.

In his first extended interview with a major news organization in his nine-year tenure, Potter reminds The Federal Eye in Monday's Post that: "We're losing money, we're running out of cash. Ideally, what you'd like to do in the Postal Service is have access to about $5 [billion] to $6 billion in cash . . . and that's basically two payrolls. That's not a lot of breathing room.

voices.washingtonpost.com
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