U.S. Postal Service close to going broke

The Washington Post reports:

Americans can still send and receive mail, but the U.S. Postal Service may not have much left in the bank after this week, as it's set to announce billions of dollars in losses as early as Thursday.

It's also waiting for postal regulators to announce Thursday whether they approve of a proposed 5.6 percent postage-rate increase, to start in January. The proposed increase faces stiff resistance from business groups and lawmakers, who say that the USPS should instead make deeper spending cuts to meet its financial obligations.

When you overpaid government workers: it gets expensive.