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Postmaster General Patrick Donahoe warned that the Postal Service is on “the brink of default” as he battles to keep his agency solvent. More: continued here

ABC News In Financial Crisis, Post Office Turns to CongressABC NewsAnd with no congressional action, a year from now, next August or September, the post office could run out of money to pay salaries and contractors, hampering its ability to operate, Donahoe said. "We do not want taxpayer money," Donahoe …

Over the weekend news came out that the U.S. Postal Service is in trouble. It needs to lay off 220,000 workers by 2015 but are prohibited from doing so by union contracts. It is required to pay billions into a retirement fund and does not have the cash to do …

Mike Violette of WGAN discusses the U.S. Postal Service, which may go into default as early as this winter unless Congress intervenes. More: continued here

Three Indiana buildings for sale on eBayWDRB(WDRB) — You can buy just about anything on eBay, including three buildings in Anderson, Indiana. The current owner says he can't afford the nearly $200000 worth of taxes owed on the three properties. "Couple that with the economy that's turned down, …and more » …

Regulars at the post office in Palm Beach Gardens are considering what life would be like without mail as the U.S. Postal Service faces a possible default. More: continued here

Canada NewsWire (press release) First stamp in Canada Post history to be chosen by public vote unveiledCanada NewsWire (press release)6, 2011 /CNW/ – Canada Post today unveiled the 2011 Mental Health stamp to help kick off the company's annual fundraising campaign for community-based mental health initiatives across Canada. In November …

BC-US–Postal Problems, 1st Ld-Writethru,458ABC6OnYourSide.comIn financial crisis, Post office turns to Congress Eds: Updates with hearing details. By RANDOLPH E. SCHMID Associated Press Without legislation by Sept. 30, the agency "will default on a quickly. The US Postal Service is not an 18th century relic, …and more » More: continued here

It’s been a decade of decline for the U.S. post office and Tuesday, lawmakers are holding a hearing on the agency’s growing deficit. More: continued here

EBay Booms As E-Commerce Takes Off In ChinaPSFKAccording to Reuters reports, eBay recorded $4 billion in 'cross-border sales in Asia-Pacific from its eBay and PayPal platforms' last year. This success is largely due to the rise in popularity of online shopping in …eBay Grows in China, and Boosts Chinese Brands …