Awash-in-Red USPS 'High-Risk': Fed Watchdog

By Harry Kimball,  Newser Staff
Posted Jul 28, 2009 2:30 PM CDT
A US Postal Service mail processing clerk feeds mail into an automated letter sorter.   (AP Photo)
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(Newser) – The Government Accountability Office has put the struggling US Postal Service on its list of “high-risk” federal programs, the Hill reports. The federal watchdog says the USPS will lose $7 billion this year, and that even the end of the recession will not return business that has migrated to other services and email. The GAO deems the situation urgent, and recommends Congress get cracking on a major overhaul.