postal service.er the constitution, guess what? it is the responsibility of congress to establish a postal service. congress right now is working on this is doubt -- disestablishing the postal service. >> are there other groups that are exerting pressure on members of congress for the privatization of the postal service? >> i would say, let's look who wins if this happens. if you start to cut overnight deliveries, ups and fedex win. i cannot say they have lobbied me on this, but you can see the winners and losers. who loses? the american people. the whole concept of the postal service, and that it did that is universal service. if your report, live in a rural area, you look is served just like someone who lives in the city and may be wealthy. but a bedrock principle of democracy is about to go the way of the dodo bird because congress has manufactured a crisis with the passing of the 2006 law, and wants to compound it with other bills that would break human contracts, restrict or move the five-day de

postal service in doing this. ngland, royal mail is in the process of privatization, having closed 95% of its offices and has contracted to provide services with local stores. the germans privatized along time ago, and my understanding is that germans have literally two or three post offices still open in germany. they contract those services. they saved a lot of costs just by not maintaining those physical structures. again, the contract for those services. so, i think it is important. we all have to realize that all types of firms throughout u.s. economic history have had to adjust to the realities of the marketplace. my grandfather ran a stable in baltimore when people used horses for transportation, and when the automobile came in the stable was no longer in demand, so we have to adjust to the realities of the marketplace. i view that as fundamentally driven by technological change, and i think that is what we see here. i would note that the u.s. postal service, if you compare to other countries post offices, e

the postal service the entire debate is about what we should let the postal service do to get out of the red in the debate is taking place between conservatives who want a mix of relief and cuts and the far right that wants to bring in emergency managers and set the stage to gently privatizing cliff thirty seconds is there something our viewers is there a piece of legislation or something they can do at home to to do i think we just need to encourage. the congress to do what they need to be doing and do their job that's what the congress is not doing that's the whole problem we have in america today that's what the post office problem is just make the whole the congress accountable and do their jobs all right good good point. josh eidelson thank you both for coming on thank you are pretty it's pretty obvious the post-office problems are thanks to this poison pill legislation we just talked about but this isn't the only poison pill republicans have shoved down the throat of an american institution here's tom explaining more. really it's not just about the complete privatization of mai

postal service in doing this. in england, royal mail is in the process of privatization, having closed 95% of its offices and has contracted to provide services with local stores. the germans privatized along time ago, and my understanding is that germans have literally two or three post offices still open in germany. they contract those services. they saved a lot of costs just by not maintaining those physical structures. services. so, i think it is important. we all have to realize that all types of firms throughout u.s. economic history have had to adjust to the realities of the marketplace. my grandfather ran a stable in baltimore when people used horses for transportation, and when the automobile came in the stable was no longer in demand, so we have to adjust to the realities of the marketplace. i view that as fundamentally driven by technological change, and i think that is what we see here. i would note that the u.s. postal service, if you compare to other countries post offices, even though we are using le

. >> the postal service has a $1.2 billion loss. it's the largest loss since they have quarterly reports in 2007. the postal service says it is nearly out of money and expects to exhaust the government credit line. the post master urging congress to keep the postal service afloat. it has lost $42 million each day this year alone. >> check out curiosity 360 view of mars. this incredible image is the first color panoramic of the planet. the photo was built from dozens of pictures captured the rover's camera. you can see the rocky surface and the base of mount sharp. they are on a two-year mission to analyze rocks and soil to see if there are any races of life on mars. that is your 5@5:00. >>> let's head to colorado for new developments in the shooting massacre in aurora. james holmes now saying their client is mentally ill and they need more time to evaluate his ladies and gentlemened psychiatric issues before they enter a plea. holmes did see a psychiatrist at the university of colorado weeks before he allegedly murdered 12 people. a

postal service.d to get the check in the mail defaulting on $5.5 billion and health care benefits for future retired workers. this as congress was unable to pass a rescue plan. now some are wondering if the postal service can be saved or if it is headed the way of the pony express. joining us is coalition for 20th century postal service? >> good to be with you. >> heather: neither snow nor rain can stop the post men but congress might. can congress save the post office? >> it's no too late. what they have done is keep its head above water for about another year by robbing peter to pay paul. in other words, by not paying these amounts, by defaulting on these payments, it can preserve enough cash, we hope, to last for another year. what that does take some of the pressure off of congress acting. senate passed a bill in april. the house has a bill that is pending in front of it but no action is being taken until the fall, probably until the lame duck session. we don't know without that relief from congr

>>mark: for the first time is 200 using history the united states postal service has defaulted on a loanthe 2006 cannes that congressional mandate forces the service to prepay the retirees' pensions. a coastal official said >> they say that there will be no impact on employees pay or mail delivery. right not now they are operating on a 1227 they can dollar loan from the treasury. >>darya: this is from miami international airport. agents noticed something strange. there is a woman seemed uncomfortable they say the bomb in seem to be hiding her face and was trembling. she broke down crying and said she had been kidnapped. the time now >>darya: we're going to take a live look right now at wall street. is up 41 points pin. rob black black will be what with us in a few minutes. >> >>mark: of >>rob: . telling us that they added 163,000. but we need wage inflation but that comes from a job creation. right now we are kind of hiding any time we see the cause. the most that important employment report is the one that comes out on friday. we grumble because if it could be 50,000 off one way or the

with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at just $5.15. only from the postal service. >>> football game, right. >> that's it thank goodness and then we get real. >> no more fake football games. >> monday night. >> not a bad way to start, ravens. >> i predict lady gaga will make a skype tape and send it to daniel. he deserves it. see you tomorrow. >>> tonight on "nightline," isaac's wrath. whole neighbors are under water, as this monster storm wreaks havoc on the gulf coast, exactly seven years after katrina. people are being rescued from their roofs once again. and as the rains continue to come, we're on the ground with the latest. >>> tea time. hotly anticipated night at the republican national convention as paul ryan ignites the crowd and takes the tea party message national. >>> and, conspirator in chief? it's been called unsubstantiated, dangerous, even crazy. and it is a giant b

only from the postal service. eye of the storm. hurricane isaac is slamming the gulf coast with millions of people warned to take cover. we are here. the latest on the fierce winds and rising waters. >>> must love mitt. at the republican convention, presidential nominee mitt romney's wife tells everyone why she fell for him. and chris christie promising the faithful. >>> and k-man, rocks out to rage against the machine and want be dwrosh vice president. meet paul ryan. first member of generation x. >>> good evening. i am bill weir, and this is new orleans under hurricane isaac. the center of the category 1 hurricane as we speak, about 70 miles south-southwest of the crescent city, canal street where mardi gras floats and cable cars cruise on happier days. a miserable place on this night. the eve of the seventh anniversary of hurricane katrina, the storm that shattered so many lives up and down the gulf coast. a storm that has all of us wondering how will isaac compare? how will the rebuilding hold up? to get a whole picture of what

the postal service is not stand-alone company or ups or fedex.n terms of local newspapers and in terms of smaller retailers trying to access the market and distribute information about their goods and services as well has some real impacts. so we would like to have congressman issa actually hold an oversight hearing on this to be able to have a real cost benefit analysis to be able to address this. adam: you actually sent a letter to issa, congressman issa, asking for the hearing. you said now is not the time for monopolistic deal that could actually result in less revenue for the united states postal service. how would it result in less revenue, getting paid, assume your argument is accurate, to take business away from these other enterprises? >> this is now actually, we've got small newspapers will have to be making a determination whether or not it will be cost effective for them to continue some of their advertising programs and distribution methods as well. we've had information that is coming in from the national association of advertisers

>>> for the first time in its 200 year history, the united states postal service will default with a $5.5 billion payment to the u.s. treasure. and that default will happen tomorrow. >> the postal service has been required to make payments to front future retiree health benefits. the payments are scheduled through 2016 and were mandated by congress back in 2006. the default won't cause any kind of short term failure. but analysts point to long-term harm as the mail agency finds itself preoccupied with staving off bankruptcy. in april, the senate passed a bill that eased the retiree payments by stretching them out over time. the bill gave the postal service access to much-needed cash, an $11 billion overpayment in the employees' retirement system. but the republican-led house has yet to consider the bill. >> the mail service is considered independent, it does not usually use taxpayer dollars. currently it is operation on a $12.7 billion loan from the treasure. >>> gore vidal passed away tonight at the age of 86. he died in los angeles of complications from pneumonia. he has been livin

with priority mail flat rate boxes from the postal service.fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at just $5.15. only from the postal service. >>> as we've said there's a story in the news tonight about breast cancer, a new study that shows definitively weight is an important risk factor in determining if a woman will suffer a recurrence, and as many doctors have insisted, losing weight after diagnosis can lead to better outcomes all around. our report on all of it tonight from our chief medical editor, dr. nancy snyderman. >> reporter: breast cancer strikes almost 300,000 women a year, while cure rates improved over the last 20 years, increasingly doctors are focusing on a certain group of women who don't fare as well as others. >> there's a clear connection between obesity at the time of a breast cancer diagnosis and an increased risk of occurrence of breast cancer. >> reporter: dr. joseph sparano is an oncologist who specializes in breast canc

only from the postal service.ut when it comes to what you really love, you shouldn't have to sacrifice. and that goes double for ice cream. now you don't have to give up. you can give in with dreyer's slow churned light ice cream. we churn it slowly for all the rich and creamy taste with just half the fat. so now you can have your ice cream and it eat it, too. ♪ nestlé -- good food, good life. >>> so remember when paying $100 for a running shoe or basketball shoe, i mean, it was just ridiculous and unheard of? well, now we are entering the territory of $300 basketball shoes. nike's lebron 10 will sell for a reported $310 dollars and for those who think that is insane, there is going to be a cheaper version that will sell for a mere $180 according to nikeblog.com, and still insane. but reportedly with the nike technology that shoe will have. but $310 is a princely sum, because the shoe industry says we have problems an rising costs for things like cotton and all of the things that go into the shoes and the labor co

with priority mail flat rate boxes from the postal service.f it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at just $5.15. only from the postal service. >>> so remember when paying $100 for a running shoe or basketball shoe, i mean, it was just ridiculous and unheard of? well, now we are entering the territory of $300 basketball shoes. nike's lebron 10 will sell for a reported $310 dollars and for those who think that is insane, there is going to be a cheaper version that will sell for a mere $180 according to nikeblog.com, and still insane. but reportedly with the nike technology that shoe will have. but $310 is a princely sum, because the shoe industry says we have problems an rising costs for things like cotton and all of the things that go into the shoes and the labor costs are rising and then there's the marketing costs. look, here is the truth. they are going to make an indecent profit on the shoe, and until they pay the star whose name is on it

the bill also gave the postal service access to much- needed cash. it gave and $11 million overpayment in the federal and employee retirement bill. it will also allow the service to cut saturday mail service in two years after several studies are conducted. but the republican-led house has laid--yet to consider the bill. >> justine: the mail service is considered independent and does not use taxpayer dollars. it is currently operating on a loan from the treasury. >> james: 1 become as we have headlines from around the world, but here is a live look outside from the 101. >> justine: the power has now been restored to india after a major systems collapse that has led to the worst that the world has ever seen. india's northern and eastern grid's failed. the government has ordered an investigation into what caused this crisis. >> james: at the age of 86, the author and commentator died last night of complications with pneumonia. we are told that he was living alone had been sick for some time. he was recognized for everything from politics to sex and reli

with priority mail flat rate boxes from the postal service shipping's easy.f it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only from the postal service. >>> really, wasn't yesterday the fourth of july? what happened? >> it will feel like it tomorrow because it will be 90. >> i guess you say we'll go downtown at 100 miles an hour >> and we will at grand prix. >> have a fun weekend. we'll see you. >> see you later. >>> tonight on "nightline," mitt's moment. he's the man who wants to send barack obama packing. we're there with the candidate, mitt romney, delivers the biggest speech of his political life. state of emergency, on the gulf coast, entire towns underwater. homes destroyed by tornadoes, over a million without power. and today, frantic evacuations and rescues of families still trapped inside their homes. >>> plus 100,000 balloons, tons of confetti. for a high stakes moment like this, the politicians call on one

with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only from the postal service. >>> well, instead of opening with a bang today as it was scheduled to do, the republican national convention opened with a rain check due to the encroaching storm, the real start of the convention has been postponed until tomorrow. and abc news has learned that governor romney will arrive tomorrow as well, two days earlier than planned. my co-anchor terry moran comes to us now from tampa at the convention center. terry, is there a sense down there that postponing was the right decision? it is, cynthia. they didn't want to host a disaster, they wanted to host a convention and there was the possibility of the latter. and also, not a lot goes on on the first days of the convention. not a lot of people watch them, frankly, on the first day. they will play a little catch

. >>> all right, it is d day for the postal service.only hours away from a historic default. so what's washington doing about it, and what happens to your snail mail? patti ann: yeah, good question. ♪ return to sender, address unknown down here, folks measure commitment by what's getting done. the twenty billion doars bp committed has helped fund economic and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. >> an american is now the greatest american athlete of all time. [cheers and applause] >> number 19! no one has won -- patti ann: michael phelps capturing his 19th medal, swimming in the anchor leg of the 4x200 meter relay, becoming the most decorated olympian ever. plus -- [cheers and applause]

of course, the postal service is an independent service.t does not take taxpayer money but it needs congressional approval for all of the plans to change services. that approval so far has not come. so for the post office like a lot of other people in the town, they're just waiting for congress to get its act together. guys, back to you. >> indeed. eamon, thank you very much. the question to you today is, the u.s. postal service is on the brink of default. should they go to five-day delivery? tell us what you think. finance.yahoo.com. we'll have the results soming up. >>> the city of san bernardino seeking bankruptcy protection. there's some boom in this california city. and jane wells is there to tell us about it live. jane? >> reporter: hi, tyler. realty track says the inland empire with the highest foreclosure rate in the nation in may but in the land of opposites there's an area of real estate booming out here. really big boxes, over 500,000 square feet. looking at now is skechers state of the art north american distribution center. lea

the postal service, what's the future of the postal service?port. i am not sure what it means, but i do know we should do something about it. we are going to talk about it in just a few moments but first. this is the full court press. >> on this wednesday, other headlines making news, a huge night for the american women in the gym nastics competition at the olympics the fab five, the u.s.'s first gold medal in that event since 1996. the effort was led by jordan weaver, denied that spot in the finals in the individual competition sunday night because only the top two finishers from each country could advance. >> it's a dumb rule. good for her for leading the way on this. i have to tell you i expected myolimpic fever to wear off a little bit. i still have it. >> yeah. >> i have it. every night, 8:00 o'clock eastern time, i am there music kicks in. bob costas can never retire. >> he is good. >> that voice of his doing the olympics, it's -- that guy hasn't aged a bit. i will say for all of our bitching and moneying about -- moaning, ryan seacrest n

with priority mail flat rate boxes from the postal service.t fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at just $5.15. only from the postal service. cunningham has fox 45 morning s. sports. coming up in our 6 o'clock hour... united airlines flights are back to normal today... but yesterday was a different story. story.the major problem the hundreds of delayed flights. flights.

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with priority mail flat rate boxes from the postal service. it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at just $5.15. only from the postal service. >>> a lot of internet users this week have gotten a glimpse of what you might call the softer side of british royal families, specifically prince harry as we've never seen him before on vacation in vegas but in this case it didn't stay in vegas. the prince, who, let's remember, is a young, single man with a military background and a better than average benefits package, was playing nude billiards with a young woman and that's not a euphemism. but because of the customs governing british media for the most part the pictures haven't been displayed back home yet. our report tonight from nbc's stephanie gosk. >> reporter: a prince with a well known penchant for trouble in a city notorious for creating it. did anyone really think harry in las vegas wasn't going to create a few headlines? it started with an

newly released documents show postal service has a cash shortage. ey were hoping congress would allow it to stop saturday service in order to cut cost. the postal service says the current budget short fault should not effect its operations. >>> firefighters in richmond may be talking about this rescue far long time. they pulled a 200-pound pot belly pig out of a burning home. the crew arrived at the house on south 46th street late monday where they found the squealing pet peg in the garage but fortunately the flames did not spread to the garage and they were able to get that pig out safely. i had a boss with a pot belly pig as a pet. >> really? >> yeah. talking around san francisco. [ laughter ] >> >>> good morning, everybody. let's go and take a look at the commute now. the traffic is moving along pretty well if you are driving in many areas. for example highway 24 lafayette between walnut creek and oakland that traffic is moving along nicely. but highway 4 is busy already. i think a lot of the traffic on highway -- well i don't think i pretty much

with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes. starting at jt $5.15. only from the postal service. this bipartisan reform successfully reduce wellfare rolls.. on july 12th president obama quietly ended the work requirement... gutting welfare reform. one of the most respected newspapers in america called it, "nuts!" saying, "if you want to get more people to work, "you don't loosen the requirements -- you tighten them." mitt romney's plan for a strr ger middle class will put work back iwelfare. [ romney ] i'm mitt romney and i approve this message.

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postal service is set to default on a multibillion-dollar payment. we'll see what it means for our mail. and how exactly does an rv wind up in a swimming pool? but first from fox this wednesday night, it has happened again. another airline passenger has reported finding a sewing needle on airline sandwich this time on air canada sandwich in toronto on monday. >> it was discovered by passenger, i guess that was served food on board. i believe that there was very minor injury sustained as a result. >> shepard: what we don't yet know is whether this incident is in any way reflected -- connected with what happened at delta. needles wound up in six turkey sandwiches. and the air canada needle is now prompting concerns of a possible copycat. "the fox report's" correspondent jonathan hunt is in our newsroom here in new york. any evidence of a link between these two, john? >> well, shep, certainly the fbi here and cops both in canada and the netherlands are talking to each other. they have confirmed to us about that possibility, which would, of course, be ex

the u-s postal service is likely to default on a big bill... if it doesn't get some help from congress. it owes more than á5-billion dollarsá in health care pre- payments. the government mandates the service pre-fund the benefits for future retirees. the default is largely symbolic. the postal service is considered independent... and doesn't usually use taxpayer dollars. right now... it's operating on a loan from the treasury. mitt romney's pick for his running mate... could come at aay time. time.and now... the campaign for the republican nominee is revealing the announcement will come through an áapp.á users who download the free app will be among the first to know who romney picks for vice president. that pick is expected sometime between now... and the start of the republican national convention later this month. apple fans... listen up. there's no official announcement yet... but there's speculation the i- phone 5 will be unveiled by september 12th.new and improved features will reportedly include a slightly larger screen... a smaller dock

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the postal service will likely default on a $5.5 million payment to the government for health benefits for future retirees. the senate passed legislation to overhaul the service but the house has yet to act. they will deliver mail even if the default takes place. still to come, gas prices are getting pumped up once again. we will show you how much and where they stand now. >> we will see a controversial comment about a fast food president has not stopped people from going there for lunch. i got the chance to start my own business. i know what it's like to hire people and to make ends meet. from those experiences i had the chance of running the olympics. the games were in real trouble. there'd been way too much spending. and in massachusetts i found a budget that was badly out of balance. our legislature was 85% democrat. and every one of the four years i was governor, we balanced the budget. i want to use those experiences to help american have a bettet future. we believe in our future. we believe in ourselves. we believe the greatest days of america are ahead. i'm mitt romney and i ap

. >> for the first time, the united states postal service all have to default on a major loan. it looks like the usps have to default on a loan payment for workers' retirement. it is not expected to prevent a disruption in service. a live report coming up at 6:30. a man said eight racial statement greeted him after he checked into a motel 6 outside cincinnati. he was offered a free night but he once the corporate headquarters to get involved and find out who is responsible. today is the unofficial chick- fil-a appreciation day after they found themselves in the middle of a controversy. the president of the company said he believes in the biblical definition of a marriage between a man and woman. some were calling for a boycott. >> jcpenney is helping send kids back to school in style with a new do. salons give any kids through sixth grade a free hair cut. it will donate a dollar for every free cut to the boys and girls clubs of america. carnival cruise lines is cracking down on passengers who hoard deck chairs. it a passenger saved a deck chair believes it unoccupied, a sticker

only from the postal service.mney's plan: huge tax cuts for millionaires, tax breaks for oil companies and corporations that ship jobs overseas, adding trillioions to the deficit. president obama's plan: a balanced approach that asks the wealthy to pay a little more, eliminates tax breaks for outsourcing and oil subsidies, cuts government spending, and reduces the deficit by four trillion. two plans. your choice. [ obama ] i'm barack obama and i approve this message. her death, but this weekend, whitney houston will be back on big screens across america starring in "sparkle" a film she also helped co-produce. it was a project close to her heart. and those who worked with her say the whitney they saw on the set was different than the whitney with a tragic end. abc's deborah roberts reports. ♪ his eye his eye is on the shadow ♪ >> reporter: it's the emotional pinnacle any movie sides for. but this one, a tragedy. ♪ >> reporter: whitney houston, her voice battered but still beautiful, belting out "his eye's on the sp

only from the postal service.es are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. her death, but this weekend, whitney houston will be back on big screens across america starring in "sparkle" a film she also helped co-produce. it was a project close to her heart. and those who worked with her say the whitney they saw on the set was different than the whitney with a tragic end. abc's deborah roberts reports. ♪ his eye his eye is on the shadow ♪ >> reporter: it's the emotional pinnacle any movie sides for. but this one, a tragedy. ♪ >> reporter: whitney houston, her voice battered but still beautiful, belting out "his eye's on the sparrow." her very last performance. the song res sonates with her o gospel roots before she came a giant star. six months after her death, whitney's starring in "sparkle" a remake of her favorite film, one she would watch over and over as a teen back in the '70s. in a role that wants to be her much anticipated comeback, whitney p

only from the postal service.little girl who lived through it, this is more than a teddy bear. it's a step towards normal. it's why allstate catastrophe teams not only have hot coffee and help for grownups... they've also handed out more than twelve thousand teddy bears to kids. people come first... everything else is second. that's allstate's stand. are you in good hands? >>> throughout the week here at the republican national convention, the specter of hurricane isaac has hovered over the proceedings. they flashed up the number on the big screen the number for the red cross for donations. bill weir is on the scene there in the aftermath down in new orleans. bill? >> reporter: well, wonder of wonders, we're getting a glimpse of the moon over new orleans tonight for the first time since the storm rolled in. and for the million people without power, they will take all the light they can get. i actually had an experience to be over this city today and met a couple who really exemplify isaac's aftershock. >> this is

it is staggering how much cash the postal service is going through. we will find out just how bad when it reports how it did for the quarter. the postal service said they are losing $25 million a day, and that breaks down to more than a million dollars per hour. congress went on recessed without passing a bill. u.s. farmers are not the only ones being scorned by mother nature. crops are in bad condition. stockpiles of the biggest crops to the client for a third year across three continents. monsoon rainfall is hurting rice crops in india. global food costs are expected to rise. a mixed close for stocks yesterday. the s&p is up about 10%. futures this morning are a little bit higher. elevator etiquette can go a long way. people who talk on their cell phone is a common problem. and squeezing yourself into an already crowded elevator were not holding the door when other people want to get on the elevator. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> that is one of my pet peeves. i cannot stand when people watch y

with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not compmplicat. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only y from the postal servic. >> the weekend is here. >> also some welcome showers. there are some more showers. some will linger into tomorrow morning. have the blog a about the different visibility. the 40 dead pictures taken yesterday and today. is we will be -- the two pictures were yesterday and today. -- the two pictures were [ obama ] i'm barack obama and i approve this message. i think mitt romney's really out of touch with the average woman's health issues... this is nothe 1950s. contraception is so important to women... it's about a woman being able to make decisions... i don't remember anyone as extreme as romney... i'll cut off funding to planned parenthood. i t don't think mitt romney can even understand the mindset of someone who has to go to planned parenthood. planned parenthood

one, the postal service is an institution that is not too big to fail but too big to succeed.'s got to be shrimped down and stream lined. it's personalel costs, 80 -- personnel costs, 80% of all of the system v to be reduced in some way to get down to the size of business. >> there have been tips of thousands of jobs cut. >> the postal general said he needs 100,000 to 200,000 fire employees than now. >> one of the largest cost- saving measures would be ending saturday mail delivery. where is that proposal? >> i don't think anything is going to happen with that at the moment. there are too many on capitol hill who don't want anything to happen and there is a good compromise in the bill passed by the senate in april, but we have to get to the place where we have to get to the bill. some things have not made it to the floor yet and as soon as congress acts, there will be additional relief for the postal service that will help it survive. >> all right and hopefully something will happen and soon. >>> and art, thank you very much for being with us. >> you're welcome. >>> let's go t

postal service is broken and nearly broke. the post office recently reported that it lost $5.2 billion for the quarter ending june 30. since 2007 the u.s. postal service has lost $25 billion if is losing 36 million -- $25 billion it is losing $36 million a day and it gets worse. it will miss making a payment of $5.5 billion to cover future health benefit and it will miss an additional payment of $5.6 billion due in september and they may run out of cash in october. what's to blame for this mess? clearly the emergence of e-mail and electronic commerce has had a big impact, but so does congress who in 2006 mandated that the usps stick to delivering mail as opposed to offering new products and services and regarding those missed payments, it was congress that mandated that the usps pay $5 billion a year into a fund to cover future retiree health costs, a fund that already has $45 billion, enough the postal unions say to cover costs for decades. in fairness the senate did recently pass a measure that would have allowed the usps to