i think the postal service showed a fair amount of creativity, but your thoughts? >> i am comfortable with 1789's handling of rural post offices and the provisions for the reduced window hours, consolidations of two that are nearby, but maintaining access and service. perhaps the alleged postal offices or some alternative we at -- village postal offices or alternative outlets. it seems there is really there to maintain access for those that it is essential. on the service standards, there is a relationship between how quickly mail has to get over night. it tested in a certain distance overnight, first-class mail -- if it has to get a certain distance, first-class mail, certain use of equipment is compressed into a smaller time frame and it has to do with the point and time of entry. there are a lot of variables in this one. it seems to me that a compromise is emerging that allows some processing centers to be consolidated, and a number of them reduced, and at the same time to maintain service standards. so, i am not a deep expert on these things, but from what i can

as you know, the postal service faces enormous challenges. in assessing them, i find it helpful to keep in mind the magnitude of what's at stake. in my view, the postal service remains a vital national asset. it directly employs almost a half million americans, and it $1 trillion industry that employs 8 million others. although mail volume has declined from its 2007 peak, the postal service still delivered 168 billion pieces of mail last year to more than 150 millionmany of these households depend on those deliveries for essential services that they could not afford were it not for the postal service's important commitment to universal service. similarly, many small businesses, nonprofits, publishers and other mailers depend on the postal service's internationally recognized efficiency and reliability. amazingly, this vital institution now finds itself on the verge of insolvency. it is in these dire straits, i believe, for three main reasons -- the growth of electronic communications and resulting diversion of first class mail, the recent rece

we need the postal system. it ought to be carved in stone what the future will look like and how it will be structured. host: we will leave it there. guest: you are comparing them to the gm board's when they're saying that managers are not willing to make tough choices. i would argue the opposite. the postal service is wanting to make tough choices. some people say that these tough choices are too tough and they will end up hurting themselves. they are willing to close half of the mal heril. they're willing -- mail. they want to get rid of overnight delivery. did they seem to be trying to look forward. the problem is they're waiting for an overhaul. nothing is really happening right now. they are able to do a few things on their own but a lot of this they need permission from congress or congress will pass legislation to prevent them. i would say they are forward- looking. the question is what is going to help and what is not going to help. you said we should build them out. -- bail them out. that is not a popul

as you know, the postal service faces enormous challenges. assessing them, i find it helpful to keep in mind the magnitude of what's at stake. in my view, the postal service remains a vital national asset. it directly employs about a half a million americans and makes possible a $1 trillion mailing industry that employs 8 million and others. although mail volume has declined from its peak, the postal service still delivered 168 billion pieces of mail last year. to more than 150 million house households and businesses. many of these households depend on those deliveries for essential services that they could not afford were it not for the postal services important commitment to universal service. similarly, many small businesses, non-profits, publishers and other mailers depend on the postal services's internationally-recognized efficiency and relyibility. amazingly, this vital institution now finds itself on the verge of insolvent as i. it is in these dire straits, i believe, for three main reasons. the growth of electronic communications and

the american postal workers union made a last- ditch effort to stop the changes-- but the postal regulatooymmission denied the request. the about 5-thoussnd workers..but elsewhere-- or retirement worry about the package you just mailed. the postal service says snail mail won't this first phase of changes.. - but the next phase of cutbacks down the first-class mail that most americans use. the postal serviie posted a $5-billion dollar loss last year. so the consolidations are just the latest attempt to streamline the it alive. i'm alison kosik in new york. -----end----- cnn.script----- those sweltering ttose sweltering temperatures...are claiming deaths have happened in lated - maryland... so far this year. year. the mess after the storms.new information on the clean-up effort.

after that, a discussion on the future of the u.s. postal service. the closing session of the national governors' association's annual meeting was held today in williamsburg, virginia. stanford and uc-berkeley professors steve frink assesses what policy leaders can do to support start-ups. this is about an hour 15 minutes. >> if you please take your seat, we are top to begin. members of the audience to please take their conversation outside in the hall, we would appreciate it. all right. thank you for being here for the closing session of the 2012 meeting. i think you will enjoy our speaker. our topic is growing the next big idea. i think every governor would like to know the answer. we are joined by steve. -- steve blank. he co-founded his last company in his living room in 1996. he has had eight start-ups including two semiconductor companies, workstation companies, a super computer fun, i could go on and on. after 21 years and high- technology companies, he took time to reflect on his experiences and read a book about building early stage companies

the way the postal service last year lost $5 billion. year before lost $7 billion. . they need to drop saturday delivery. raise prices. the forever stamp. what genius came up with the forever stamp? cost go up everywhere. price is forever! are you kidding me in these people can't get out of their own way. >> dana: the postmaster general has a lot on his plate. he is blocked by the union who agreed to something in 2006. now they don't want it. they have trouble. they don't think the internet is having an impact on the mail volume. >> kimberly: they have a problem with the money they are losing. $14 million projected to lose in coming year. it's not sustainable. i like the idea, postman and the dog chasing him but get over the novelty and streamline. we can't afford to have this waste. >> dana: i find this post office to be reliable. one of the things they're so resistant to change. is the world going to change for them? >> bob: that is the point. if they did away with saturday delivery as they ought to, nobody would step in. it's junk mail on saturday. close down post

where they're going to run out of cash and eventually to meet some of their basic needs >>> up the postalervice has been losing some of its customers. time now is 442, tough talk and done a ron, at his strong stance it international security >>> so where does it take to be the next tv star,,,,,,,,,,,,,,, >>> low cloud and dense fog snaking along the coastline this morning. temperatures running in the '50s and will be up by the afternoon, more on that coming up >>> we're doing great across the golden gate bridge. coming up will be a full check of a mass transit and the rest of your morning drive >>> the activists are calling for a boycott of ate cake shop after the owner refused to make a cake for the eat a couple prayed instead the owner it refused. >>> they will close down the bakery before we compromise our beliefs >>> we also had supporters who said we don't support gay marriage, but not selling the kick to us is wrong >>> the owner says to would rather lose his business rather than compromise his beliefs. >>> the two local companies have talked partnership worth hundreds of millions o

the german postal service is doing business in the united states, competing with fedex, our postal service, and u.p.s. it's an extraordinary resource that i think is worthy of consideration of what we've got and but howe we do it. mr. speaker, as i stated from the outset, i happen to believe in reform. i believe that we need to do business differently. whether it is how we deal with our farm policy, our military policy, tax reform, health care, i would hope that in congress we can return to the days where we actually had regular order, where we discussed things like this in committee, that every bill wasn't a partisan vehicle. and when there was give and take and challenging one another in terms of ways that it could be done better. listening to a wide variety of opinions. i say by all means, allow a wide variety of opinions to come forward, to talk about the future of the postal service. i think that's healthy. i welcome that. and i have spent a lot of time talking to people on the postal rate commission, i've talked to leadership in the management of the postal service, postal employees,

the news postal service -- the national postal service is facing a financial crisis. this are losses due to a sluggish economy has tapped a $13 million of treasury loan. >> i think there needs to be some closings and consolidations. >>mark: the senate has already passed led to legislation to help shore of the postal service. they propose that the and saturday delivered. >>darya: we will be back in a couple of minutes. let's take a live look outside right now. at the in land especially the east bay is looking at highs of 90 today. >>darya: we are live at the construction site right now. we saw the big giant been go up. what is going on? >> the first one went up at 6:35 a.m.. there will be cut 14,000 of these things will make up the skeleton of this billion dollars stadium. we're watching the first ones going up. tons of steel will be making up the framework. it is expected to take awhile to get these finished. there will be 200 pieces of this steel going up every day. they expect to have and finished by thanksgiving. you can see they have already made a tremendous amoun

the bill comes to five.5 billion dollars dollars. u.s. postal services wants congress to repeal the mandate and stop service cuts and plant consolidation. the senate passed legislation to help the postal service. >>> two weeks after the president of chick-fil-a came out against same-sex marriage, both sides hoping to garnish support for the coming week. on wednesday, former candidate and talk show host, huckabee called for a chick-fil-a appreciation day. the gay right's group is planning a kiss day at five restaurants. >>> hundreds of pilots were united airlines are demonstrating in front of the white house today. protesting the outsourcing of jobs, also pushing for better working conditions. >>> five months after the death of tray von martin, the community is trying to come to terms with the young boy's death. the city of sanford is holding a public meeting to discuss the ways to express sympathy over trayvon martin's death. mitt romney is headed to poland, meeting with the former prime minister and visiting a world war ii site. romney is comin

the postal service is critical to our economy, delivering mail, medicine and packages. yet the house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post ofce revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. the u.s. hadn't won gold in over 100 years. but thanks to them... and her... and especially this guy, all those years were just a prologue to this. ♪ it's amazing how far you can go with a little help along the way. td ameritrade. proud sponsor of the 2012 u.s. olympic team. >>> welcome back to the second half of "outfront." we start with stories we care about. focusing our reporting on the front lines. first tonight, egyptian president mohamed morsi returned from his first international trip. it was to saudi arabia. it is a crucial trip because egypt de

time is ticking for the postal service.... facing a financial crisis. will mark an important milestone in the company's struggle to pay back an important debt to the government. losses from a sluggish economy and the growing number of people paying their bills online have forced the service to tap into a nearly 13-billion-dollar treasury department loan just to make ends meet. and... if congress doesn't act by august 1-st, the postal service will also default on a 5 billion dollar payment to the federal government to cover retiree health benefits. if that happens, it would be the first default in its more than 2-hundred year history. "as they move towards september where they have to make the second payment, we're getting towards a point where they're really going to run out of cash eventually to even meet their basic needs." the postal service says it has a plan to cut costs by 22- billion dollars by 20-16. it's already begun cutting hours at some post offices and it's considering ending saturday service. new charges against the owner of a minnesota day

it would be the fist default in 200 year history of the postal viers. e senate passed legislation to sure up the services finances but the house has yet to act. >>> baltimore native fell native phelps, chatted with piers morgan about what it's like to represent the u.s. >> it's one of the greatest feelings in the world. you know that there are people supporting you and watching you. >> michael phelps is swimming in 7 events and placed fourth in the 400-meter individual medley and he and his teammates took home the silver. >>> get ready for big changes coming to downtown baltimore, construction getting underway for a second coming of the grand prix race. linda so is downtown with what we are expecting for today. >> reporter: race organizers will be here at 11:00 this morning, to tell us about what will be happening over the next month, placing the first jersey barrier to mark the start of construction for the racetrack. most of the construction will happen in the final weeks leading up to the race on labor day weekend. you will see jersey barriers and fen

the postal service is critical to our economy, delivering mail, medicine and packages. use is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. in every way, shape, and form. it's my dream vehicle. on a day to day basis, i am not using gas. my round trip is approximately 40 miles to work. head on home, stop at the grocery store, whatever else that i need to do -- still don't have to use gas. i'm never at the gas station unless i want some coffee. it's the best thing ever. as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly r

the postal service is critical to our economy, delivering mail, medicine and packages. nsidering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. [ male announcer ] ok, so you're no marathon man. but thanks to the htc one x from at&t, with its built in beats audio, every note sounds amazingly clear. ...making it easy to get lost in the music... and, well... rio vista?!! [ male announcer ] ...lost. introducing the musically enhanced htc one x from at&t. rethink possible. do you have any idea where you're going ? wherever the wind takes me. this is so off course. nature can surprise you sometimes... next time, you drive. next time, signal your turn. ...that's why we got a subaru. love wherever the road takes you. >>

. >>> coming up at 7:15, what happens if congress does not act to stop the postal service from doe faulting on a $5 billion loan payment tomorrow. >>> occupy protesters plan to be at this morning's meeting when san mateo supervisors consider a supervisor increase. last week the board voted to put the half-cent increase measure on the ballot. the tax would rise to 8.75% for the next three years. and that would solve the crisis. others way this unfairly targets the poor. >>> here's something new -- you will soon be able to ride your bike and ride the train to work. starting friday, b.a.r.t. will allow bikes on trains. this is part of an experiment. b.a.r.t. right now bans bikes on certain lines. so for the month -- so for the month of august, they will allow you to bring your bike on board, but only on friday's path. the number of people who ride now, that number may double. >> it's a start. >> it's a start. >> we'll see how it goes. it will be interesting, right, sal? >> it will be interesting. some people are worried, you know, the -- the policies may be hard for weekers to understand dash

those caught with a second offense faces tougher minimal sentences. >>> the u.s. postal service brace for a first ever default on billions in payments due to the treasury department. the postal service has said for months it could not afford to make the massive payments. $5.5 billion is due tomorrow. the second payment of $5.6 billion is due in september. that money is meant for future postal retirees' health benefits. they say missing the payments will not cause an disruption in service. >>> despite syrian rebels continuing to battle against the government, thousands are fleeing that country for safety. the united nations reports 200,000 people left the city of aleppo in the last two days. president bashar al-assad continues to hammer the rebels as they kill at least 120 people yesterday. since the violence erupted in syria in march 2011, it's estimated close to 20,000 people have been killed. >>> american lawmakers agree to tougher sanctions against iran. the increased sanctions will deter the country from developing its nuclear program. they'll expand on already exist

under the law, the postal service has to prepay for health coverage for its retireess. the $5.5 billion payment is due on wednesday. mostal service is looking for lawmakers to end that prepayment requirement. the "wall street journal" reports that the default, which would be a first in the history of the postal service will not impact service or its ability to pay employees. >>> the bodies of two american limiers were found in peru over the weekend. 32-year-old ben horn was seen on the left here in this picture was from annandale, virginia. he and his friend, 29-year-old gillwise died on their way down from the top of a mountain several days ago. they fell nearly 1,000 feet. both were experienced climbers. rescue crews are trying to determine what led to the fall. >>> come up next, another local power company is asking for a rate hike. >> and we're checking in with tucker this morning, this monday morning. some showers and storms could come our way later on in the day. we'll have the full forecast coming up next when fox 5 morning news continues. >>> welcome back. bg & e

the money covers retiree health benefits. postal officials asked congress to help out. ps can probably meet the payment but down the road is another matter. >> the postal service has said they're going to continue to pay employees and pay their bills and their subcontractors. so in some respects this default is symbolic. >> i think got to be some closings and consolidation. that's modernization. doesn't need to be as draconian and quickly as necessary right now. >> the postal service offered retirement packages to employees and wants to eliminate saturday service to save money. >> two tech titans are set to go to court in san jose in a patent disspews. apple is suing sams subject for allegedly copping the ioffend decline and skoaling technology. a jury will be selected to hear the case in court. apple is demanding $2.5 billion in damages and intends to ask for injunctions blocking the u.s. sales of samsung phones and tablets powder by the google operating sim. >> a request for bone marrow. vomits filled out forms and swabbed cheeks to register as a blood donor. >> it is

feet advanced marketwatc and >> the u.s. postal service of losing money to and the situation has grown more serious by the day. >> we have to get our finances stabilize, the quicker we are back on firm financial footing, the better for the industry. >> if congress does not act by august 1staugust 1st they will payment to the federal government to recover -- to cover retiree benefits. it will be the first of all in the over 200 year history. >> the post office said it will continue to pay employees and subcontractors. in some respects the default is symbolic. >> it does highlight that there is a crisis. >> correct. as a move towards the second payment in september you're getting to a point where they will really run out of cash. >> losses from a sluggish economy and across a number of people paying bills, has forced disservice to tap their treasury department long to make ends meet. the service has a plan to cut costs by 2016 in return service to profitability. it is already setting down some processing plants and has offered retire

unless something is done by congress before august 1st, the postal service will default on a $5.5 billion payment to the government. that money covers retiree health benefits. this will be the first default in the post office's history. the postal service wantings to cut a day of o mail delivery and fire thousands of employees and slash service hours to make ends meet. the postal service union thinks that's going too far. >> got to be some closings and consolidation. that's modernization. it doesn't immediate to be as draconian and as quickly done as what is necessary right now. >> the postal service warns congress if nothing is done, it will be completely out of money by october of 2013. >>> members of congress are blasting for profit private colleges. the senate committee has been tracking the industry. get these findings. the u.s. taxpayers spend $32 billion last year on for profit rather private colleges. even though they have a high dropout rate and price tag. in the 2008/2009 school year, 54% of for profit students dropped out without a degree. >> wow. >> that translates to more tha

and now, we're told the postal service is bringing in a crew this afternoon to take a look at some ofhe systems inside of the building, including air conditioning. and this to see if that might have been the source of the problem. we're told the post office will be back open for regular hours tomorrow. >> and there the operator of a large medical marijuana dispensary says he's ready to fight efforts to shut down. the executive director vowed to do whatever it takes to make sure the center remains open for 100,000 customer autos we will never abandon our patients. we know that when dispensaries close it's the most-vulnerable patients that suffer most, unable to find new sources. unable to navigate the dangers of the illegal marketplace. >> the federal government put harborside on notice this week saying it plans to seize the property under federal laws prohibiting distribution of marijuana. this council woman was the only city official to attend ask called on feds to stop focusing on marijuana dispensaries and stop the flow of illegal guns into oakland. >> san francisco police are steppi

at odds. >> the u.s. postalng money and the situation is growing more serious by the day. something the postmaster general acknowledged on capitol hill this spring. >> we've got to get our finances stabilized. the quicker we act to get ourselves back on firm financial footing, the better for the entire industry. >> if congress doesn't act by august 1st, the service will default on a $5.5 billion payment to the federal government to cover retiree health benefits. it would be the first default in its more than 200-year history. >> the postal service has said they are going to continue to pay employees and pay their bills and subcontractors, so in some respects, this default is largely symbolic. >> but it does highlight there's a crisis here. >> correct and as they move towards september when they have to make the second payment, you're getting to a point where they are really going to run out of cash eventually to make their basic needs. >> losses from a sluggish economy and the growing number people paying bills

cash eventually to meet their more basic needs. >> reporter: there is no immediate plans to save the postal service and the house is deadlocked over cutting saturday service and eliminating hundreds of facilities. members of congress leave for a month at the end of this week. reporting live from washington d.c., allison burns ktvu channel 2 morning news. >>> arizona's abortion ban will take affect. they will ban any abortions after 20 weeks of pregnancy except in medical emergencies. the judge ruled the law will be upheld because it does not held on making decisions. arizona is one of 10 states that have 20 week abortion bands. >>> some people living in marin counties are complaining about the taste of their water. the water is safe to drink and the water is affected by an algae bloom and the water is being sent through a water treatment plant. the taste will be back in a few days. >>> lake tahoe is the best lake in america. that is according to u.s.a. today reader poll. they narrowed it down to 16 lakes. lake tahoe received more than 5,000 votes via facebook and twitter. the recreational o

on the other hand, the postal service is a government service. nment doing it is because the private sector would not deliver mail to the rural address. >> right. >> so should the postal service be making a profit and break even or should it be something that cost is something acknowledging the benefit we get from a government service? somebody help me? >> perfect schizophrenia of how the congress behaves. on the one side it says we want to you deliver a letter from the corner of alaska to the far corner of hawaii and we want to you do it for 45 cents, which has nothing -- >> public service. >> it has nothing to do with the price of what it takes to get there. on the other hand we want to you break even. you're right, and we can't, as normal, with government, we can't decide what we want. >> if the postal service eliminated unprofitable routes at the current stamp level -- >> why not just not offer 45 cents to get from here to there, make it $1.25. >> for a long time we said it was important that we all could charge 45 cents. >> if that's what we

the u.s. postal service could default for the first time this week. they are required to make $5. 2 billion but with only $1 billion in the bank, the mail agency, other post office says those bills will go unpaid. the mail will continue to be delivered day to day and post offices will remain open but the post office's long-term outlook appears grim without an overhaul. the postal service is estimated to be losing $25 million a day. >> wow! >> first class mail volume, which has fallen 25% from 2006 is projected to fall another 30% by 2016. this is a service everyone in the country takes for granted. you put a stamp in an envelope in new york city and someone in los angeles gets it a couple of days later. we've absolutely taken this for granted. the rate for buying postage stamps is minimal compared to what you spend for other things in this country. how can this happen, joe? how does congress sit there and allow this to happen? >> it's unbelievable. it's also sad because jon meacham, post offices were at the central of american cultural lives, the cent

the postal service is critical to our economy, delivering mail, medicine and packages. yet the house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. why not talk to someone who owns an adjustable version of the most highly recommended bed in america? ask me about my tempur advanced ergo. goes up. goes up. ask me what it's like to get a massage anytime you want. goes down. goes down. [ male announcer ] tempur-pedic brand owners are more satisfied than owners of any traditional mattress brand. ergonomics. [ male announcer ] tempur-pedic. the most highly recommended bed in america. to learn more or to find an authorized retailer near you, visit tempurpedic.com. [ engine revving ] ♪ hey, hey, hey ♪ [ t

the postal service is critical to our economy, delivering mail, medicine and packages. t the house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. >>> mitt's way ahead of president obama in fund-raising. and i think it's because he's, i don't know, he's got some sort of genius. he's a natural born showman, mitt romney. you've seen his latest campaign commercial? >> mitt romney's march to the white house continues with an astonishing $106 million raised in june. what's mitt's secret? vision and leadership of course. but mostly, women are responding to magic mitt ♪ it's raining men hallelujah it's raining men ♪ >> mitt romney, for america. >> that's pretty good. >> we're not watching this campaign cl

. >> the united states postal service is suffering through some tough financial times. but the impending closure of a bay area post office with old world charm as many people upset. new at 6 o'clock, we have why the postal service wants to unload this property. >> it is probably one of the most beautiful post offices around. a renaissance revival structure built at the turn of the century right here in downtown berkeley. the sign reads " welcome to your post office, we deliver for you ". but soon the post office will not be delivering out of this building because it will be sold. >> that is terrible. in terms of architecture and civic function, i am a traditionalist. this is like the village pub, this is where you come to connect with people. >> she remembers coming year as a kid, two by 5¢ stamps. >> there are so few interactions in life, that are not electronic. this is a real place, this is thursday, this is inhumane and human. and i feel like that is a loss that is a betrayal of those values. >> we will not vacate the area, we still need to provide retail services. b

the postal service is recording financial losses, but not for reasons you might think. problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. just $14.99. start with soup, salad and cheddar bay biscuits then choose one of 7 entrees plus dessert! four perfect courses, just $14.99. come into red lobster and sea food differently. so how much do we owe you? that'll be $973.42. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the last thing you want is to spend too much on your mortgage. one more way quicken loans is engineered to amaze. ♪ >>> with me

this is the important milestone to pay a debt back to the government. >> the u.s. postal service is losing money. the situation is getting more and more serious. the postmaster general acknowledged. >> we have to get our finances stabilizedd get back or financial footing. >> if congress does not act by august 1st it will default. to the payment of the federal government for retired benefits it will be the first in the 200 year history. >> the u.s. postal service is going to continue pay their bills, subcontractors and in some respects it is symbolic but it does highlight their there is cracks in the system. as they move towards september when they need to make that second payment. getting to the point where they're going to run out of cash. and the sluggish economy and the growing amount of people online have forced this $13 billion treasury loan. they wanted to cut costs by 2016 and try to return to profitability. it is also offering retirement options to thousands of employes and cutting hours and wants to and the service on saturday. the union wants to reduce money set

." ♪ ♪ the postal service is critical to our economy, delivering mail, medicine and packages. is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more woo demand is instantly recnized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ ♪ securing a world of new opportunities. you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place t

the postal service is recording financial losses, but not for reasons you might think. e problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. with two times the points on dining in restaurants, you may find yourself asking why not, a lot. chase sapphire preferred. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. [ male announcer ] ok, so you're no marathon man. but thanks to the htc one x from at&t, with its built in beats audio, every note sounds amazingly clear. ...making it easy to get lost in the music... and, well... rio vista?!! [ male announcer ] ...lost. introducing the musically enhanced htc one x from at&t. rethink possible. >>> nearly 3 million people across nine states are wit

the u.s. postal service is expected to default tomorrow on a 5 1/2 billion dollar payment to a benefits fund. they are losing 25 million bucks a day and doesn't have the cash. if it defaults, there won't be disruptions in service or payroll. chrysler is reporting a 436 million dollar profit for the past quarter. a big change from a year ago. its concentration on north american market is paying off. europe's economic woes are hurting other automakers. there will be three movies based on the hobbit originally two were planned but peter jackson says there's enough material for three. the first hits theaters in the month of december. that's america's money. i am rob nelson. >>> now "good morning maryland." >>> london olympic organizers say former beatle paul mccart any and other stars who performed who took part in friday's opening ceremonies they were paid 1 pound for the perpommances -- performance. that's about 1.57. however, they had to be paid something even if it was just a pound to make the olympi

the postal service is critical to our economy, delivering mail, medicine and packages. e house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. just $14.99. start with soup, salad and cheddar bay biscuits then choose one of 7 entrees plus dessert! four perfect courses, just $14.99. come into red lobster and sea food differently. four perfect courses, just $14.99. ♪ hello...rings ♪ what the... what the... what the... ♪ ♪ are you seein' this? ♪ uh-huh... uh-huh... uh-huh... ♪ ♪ it kinda makes me miss the days when we ♪ ♪ used to rock

." ♪ ♪ the postal service is critical to our economy, delivering mail, medicine and packages. lose thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. i'm bret baier in washington. the big story here is pushback from mitt romney on president obama's tax plan. tonight on "special report," governor romney calls the president's proposal a massive tax increase for job creators and small businesses in a bad economy. the president on the road takes his own jab at republicans, who he says are only trying to protect the wealthy. some of the president's top supporters from the left are unhappy with his record on outsourcing, particularly, regarding china. we'll explain. labor unions are losing members but they are not losing the political clout. new