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    Government Failures Congress Wants You to Fund This Year

    Wasteful, ineffective, failed. Those are all ways Heritage experts have described government programs Congress is funding—with your hard-earned money—in its new trillion-dollar omnibus spending bill. Here are a few big failures that need to be eliminated or seriously reformed—but instead are getting millions (or billions) of dollars. Head Start. Head … More

    Postal Service Won’t Shut Down but Will Default on Its Debt

    The U.S. Postal Service (USPS) defaulted on its debt last night. No, it has nothing to do with the partial shutdown of the government. The USPS is not affected by that. Rather, it has its very own, parallel fiscal crisis that threatens its viability as an institution. Yesterday’s default—on $5.6 … More

    Sending a Message: USPS Sinks Saturday Service

    The U.S. Postal Service (USPS) caused an uproar yesterday when it announced that it would be ending Saturday delivery of letter mail this August, saving an estimated $2 billion per year. Opponents—including many Members of Congress—expressed outrage at the move, arguing that it would cause hardships for postal customers and … More

    Another Day, Another Default: Postal Service to Miss $5.6 Billion Payment to Treasury

    In August, the U.S. Postal Service (USPS) failed to pay $5.5 billion due to the Treasury Department to fund health benefits for its retirees. This Sunday, USPS will miss a second payment to the Treasury, this time for $5.6 billion. This second default is no surprise; the USPS just doesn’t … More

    JPMorgan Loses $2 Billion; Still Beats Postal Service

    JPMorgan Chase’s $2 billion trading loss is top news nationwide. But over at the U.S. Postal Service (USPS), such losses are business as usual. USPS reported a typical (for it) $3.2 billion loss for the most recent quarter. Try that comparison on for size. JPMorgan Chase incurred a “whale” of … More

    Morning Bell: Is the Postal Service Doomed?

    If you ran a business with $25 billion in losses over the last five years, $20 billion in annual losses projected in the coming years, and 80 percent of its locations losing money, do you think that your company would stay afloat? Should it be rescued with a bailout from … More

    Senate Postal Reform: A Lot of Money, Little Change

    With nine days to go before the U.S. Postal Service (USPS) faces default, a Senate committee on Wednesday is expected to vote on a new plan to address the crisis. The plan takes a few steps in the right direction, but it falls short of the comprehensive reform that is … More

    Top 10 Reads: Oct. 5th, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Ambrose: Federal law will get you even if you watch out – Jay Ambrose, Scripps Howard News Service Issa: Postal Service Must Cut Workers – Newsmax Wires Russia Pledges to … More

    Morning Bell: Is the Postal Service Doomed?

    Neither snow, nor rain, nor heat is supposed to stop the United States Postal Service (USPS) from delivering mail, but can it be saved from mounting debt, plummeting volume, and the not-so-slow-motion postal train wreck coming quickly down the road? Last week, the USPS barely avoided default when Congress extended the … More

    Top 10 Reads: Oct. 4th, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. The power of civil society – Ed Feulner, The Washington Times New State Laws Could Impact 2012 Vote – Sam Favate, Wall Street Journal The Best Countries for Business – … More