Postmaster General | featured news

Postmaster General Patrick Donahoe warned that the Postal Service is on "the brink of default" as he battles to keep his agency solvent. Without legislation by Sept. 30, the agency "will default on a mandated $5.5 billion payment to the Treasury," Donahoe told the Senate Homeland Security and Governmental Affairs Committee on Tuesday.

Postmaster General John Potter said Wednesday the financially strapped U.S. Postal Service will run out of money this year without help from Congress.

Postmaster General John E. Potter has come under criticism for his total 2008 compensation of nearly $800,000, but the agency's board of governors says the pay is less than what leaders of several other independent government agencies receive.

Postmaster General John E. Potter recently warned that economic times are so dire that the U.S. Postal Service may end mail delivery one day a week and freeze executive salaries. He failed to mention that his own total compensation and retirement benefits to more than $800,000 in 2008. That is more than double the salary for President Obama.