is now 
As of mid-October, the United States Postal Service has
reached its $15 billion borrowing
limit for the first time ever, according to Kim Dixon of Reuters. Because
it operates as an independent agency of the government, it relies solely on the
sales of stamps and products such as envelopes and greeting cards.
So like the rest of the world, it’s either sell more goods or reduce staff and costs. Innovate or perish.
An April 30 article in the Economist, You’ve Got No Mail, summarizes that the postal service has been hit hard by the recession and popularity of email over standard mail, but there are no bailout plans for the postal service.
Phil DiNuzzo said on the Quora site that is highly unlikely that the United States Postal Service would shut down in the medium-term. “There are a variety of ways that agency can cut costs or increase revenue, including raising the cost of delivery, charging a surcharge for direct mail advertising, eliminating mail delivery days and reducing mail pickup frequency,” said DiNuzzo.
