Postmaster General Patrick Donahoe warned that the Postal Service is on "the brink of default" as he battles to keep his agency solvent. Without legislation by Sept. 30, the agency "will default on a mandated $5.5 billion payment to the Treasury," Donahoe told the Senate Homeland Security and Governmental Affairs...

The financially strapped U.S. Postal Service is considering cutting as many as 120,000 jobs.

The Postal Service is considering closing more than 1 in 10 of its retail outlets.

What the Postal Service needs right now are changes in the law allowing it to reduce delivery to five days-a-week and to resolve an annual requirement for it to pay $5.5 billion into a fund for future retiree medical costs, Donahoe said in a telephone interview.

The financially troubled Postal Service is suspending its contributions to its employees' pension fund.

The financially troubled Postal Service is suspending its employer contribution to the Federal Employee Retirement System.

The financially troubled Postal Service is suspending its employer contribution to the Federal Employee Retirement System.