# government The Post Office is going to die, so says the old pony express. They’re strapped for cash, probably defaulting on a $5.5 billion payment due this month and will shut down entirely this winter unless Congress stabilizes its finances. Sad. But we don’t really need it anymore. More » More: continued here

What Is Going On?Business InsiderThe post office's problems stem from one hard reality: it is being squeezed on both revenue and costs. As any computer user knows, the Internet revolution has led to people and businesses sending far less conventional mail. At the same time, …Showdown at the Post OfficeAmerican Thinker (blog)all 3 news articles »…

Branstad rejects criticism post office ownershipHouston ChronicleTerry Branstad says his ownership of about a dozen rural buildings that house post offices in Iowa poses no conflict of interest with his criticism of the US Postal Service's decision to close many rural post offices. Branstad said Tuesday that only …and more » More: continued here

ABC News Amid financial crisis, USPS goes to HillCBS NewsPost Master Maxine Evans sorts mail behind an open PO box at the Ewell Post Office on August 22, 2011 in Ewell, Smith Island, Maryland. The USPS has cited a projected shortfall for 2011 of $8.3 billion, and the use of the Internet for pay bills…