Awash-in-Red USPS 'High-Risk': Fed Watchdog

The Government Accountability Office has put the struggling US Postal Service on its list of “high-risk” federal programs, the Hill reports. The federal watchdog says the USPS will lose $7 billion this year, and that even the end of the recession will not return business that has migrated to other services and email. The GAO deems the situation urgent, and recommends Congress get cracking on a major overhaul. (More USPS stories.)