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New Postal chief notes $8.5B loss, pushes cutting Sat. delivery

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Patrick R. Donahoe began his first congressional hearing as postmaster master general-designate on a sunny note.

“Despite recent headlines, the Postal Service remains a very strong and motivated organization,” he told a Senate Homeland Security and Government Affairs subcommittee on Thursday.

Motivated for sure.

But moments after Donahoe’s brief bit of optimism, he described an organization that is financially very weak.

Full Story: Federal Eye – New Postal chief notes $8.5B loss, pushes cutting Sat. delivery