as the postmaster general pointed out, usps' money comes almost exclusively from user fees, postage. and 90% of that comes from businesses. having collectively funded the bulk of these overpayments, we believe the right outcome is to use the money to benefit the postal service and, thereby, those who depend on it. on september 30th facing facinge choice of paying five and a half billion to prepay retirees' health benefits or keeping the lights on as the postmaster general put it before, they will sensibly opt for the latter. there will be no legal or other consequences for the postal service, but it will be in default of an obligation. questions about its reliability will arise for those who do business with it, and will overseas holders of u.s. securities treat this as the first loose thread in unraveling the nation's financial ball of yarn? what would that do to interest rates and yields for treasuries? after all, it remains the united states postal service. insolvency must be avoided. and if it isn't, the obligations won't simply go away. to the extent that the shortfalls, then th

this base hit drives in bradley and c usp.hey wrap a 13 hit. >>> winning the pack ten isn't on the list of what the stanford women have as goals for the postseason. the cardinals against ucla. nice passing for the bruins. campbell finds antonia on a nice cup to the hoop. they led by nine at half. a second half surge. tony after the steal for two of her career high 17 points. she scored ten points in and gets the rebound here and takes care of business herself. cardinal wins, beating the bruins for the third time this year. this is stanford's 57th straight against a pack 10 opponent. next up a top regional seed and the goal of a run for the national championship and a remind tore stay tuned after this newscast for legends of the bay a tribute to the four new inductees into the hall of fame. >> we will see you tonight for the update to all the day's sports. >> that's coming up. also more on the reactor situation in japan. a full report tonight at ten. good night.

it is from september, 2004, and it rejects the claim that usps says overpaid the retirement system. it claims that the request for $75 billion in overpayment is not founded, and should not be granted by the congress. furthermore, the letter includes a statement from the board of actuaries in which it declares that opm has appropriately and accurately determine the financial obligations for the postal service. mr. chair, i ask unanimous consent to submit this letter for the record, and mr. donahoe, what is your response to the letter? >> here is my response. we have differing opinions. we have estimated that we have overpaid $75 billion. overpaid $75 billion. the postal regulatory commission has looked a the same information, and their outside information, and their outside actuaries have estimated that we paid some of -- overpaid somewhere between $50,000,000,000.50 $5 billion. $50,000,000,000.50 $5 billion. >> -- $50 billion, and $55 billion toward >> so, you disagree part >> i disagree with the butter. >> the postal regulatory commission did what we believe it is in an objective a

this is back to when he was ceo of usp. that's all the footage we have of him.very strange for one of the men who is important in silicon valley. >>> coming next on "today," hear more if an expert who says california is not taking the threat of a devastating quake seriously enough. >> more in a half hour. [ jerry ] look at this! you got a state-of-the-art man-cave, but the savings account of a cave-man! hey sports fans check this out. [ beep ] oops, my bad. earn more with interestplus savings at capitalone.com. that's new school banking, baby! ooh, 3-d! instead of earning bupkus, your savings could be earning three times the national average! three times more. go online to capitalone.com. what's in your wallet? what's this do? [ beeping ] what's this do? [ female announcer ] chicken, chicken chicken.. there are thousands of ways to prepare it. [ chickens clucking ] you know only two of them. time to mix it up. time for new philly cooking creme. it'll take your chicken to places it's never been before. somewhere creamier, dreamier, with lots of flavor. look at yo

the american people and the people who sent uspe here have r signed onto the on to the democrats project of european -- european icing the american economy. citizens never stay want to roll back w spending, reduce the tax burden on families and businesses and restore america' promise of opportunity and economic growth. my colleagues on the other side of the aisle need to get with the program. we will be cutting b spending ad we need to cut a lot of it. it may not all happen the nexteo two years. the american people might need to speak again and send people to washingtonn in 2012 whol accurately represent theirot interest. this is a big vote today and when we look back, i think americans will say it was just the beginning. mr. president, i suggest the absence of the quorum. >> the clerk will call the roll. >> following this debate the senate voted down at the a republican house pass spending measure that would have had $57 billion over the remainder of the year. and the democratic alternative that would make 4.7 billion in new cuts. the republican backed measure was defeated 44-56. the de