The Postal Service death spiral continues. Delivery time is slowing, service is worsening, and postal rates keep going up. The WSJ reports that the USPS is planning cuts to more than 260 mail processing centers nationwide, which will eventually result in the loss of roughly 35,000 jobs. Go To Site

“Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.” Go To Site

The United States Post Office has a problem: It’s a dinosaur. And I don’t mean one of those Jurassic Park-style T-Rexes that can run 30 miles an hour. I mean what we used to think of as dinosaurs — huge, lumbering beasts that had to live in deep swamps because their legs couldn’t support their own weight. USPS owns eleventy-billion trucks and employs eleventy-billion union workers, all to deliver a product nobody wants. -Stephen Green Go To Site

Government, Incompetence, Oops, Waste

The United States Postal Service is set to honor Maya Angelou today in a dedication ceremony for a new postage stamp depicting the legendary author, poet and singer. But there's one problem: The quotation that accompanies Angelou's picture on the stamp was apparently not originally written by her... the Washington Post reported yesterday that the quotation can also be found in "A Cup of Sun," a 1967 poetry collection by children's author Joan Walsh Anglund.

Crime, Government, Incompetence, Character, Waste, Vandalism

An Ohio postal worker could face charges after she was caught on camera throwing mail into a dumpster this week. Footage captured by neighbors shows the unidentified woman exiting a USPS van, taking out mail and then throwing it into the trash.

Crime, Government, Fraud, Greed, Corruption, Theft

Postal employees have spent thousands of taxpayer dollars on gambling, bills and other personal expenses, according to a series of reports by the U.S. Postal Service inspector general... One manager, who was not identified in the report, used her travel card to withdraw $32,000 in cash so she could gamble, according to the inspector general.

Government, Incompetence, Financial

The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress. In an interview, Postmaster General Patrick Donahoe said the mail agency will be forced to miss the $5.6 billion payment due to the Treasury on Sunday, its second default in as many months.

Government, Incompetence, Financial

The nearly bankrupt U.S. Postal Service on Thursday reported a quarterly loss of $5.2 billion and warned it will miss another payment due to the Treasury, just one week after its first-ever default on a payment for future retiree health benefits. From April to June, losses were $2.1 billion more than during the same period last year. The mail agency said it is being hurt significantly by mounting costs for future retiree health benefits. Those expenses made up $3.1 billion of the post office's quarterly loss.

Government, Incompetence, Financial

As CBS 2’s Susanna Song reports, the U.S. Postal Service on Monday morning announced major budget and service cuts. As a result of the $3 billion in cuts, first-class mail that used to take just one day to deliver will now take two to three days.

Government, Incompetence, Financial

WASHINGTON — The financially troubled Postal Service is suspending its employer contribution to the Federal Employee Retirement System. The agency said Wednesday it is acting to conserve cash as it continues to lose money.

Government, Incompetence, Financial

When the USPS learned of companies sending international mail abroad with traveling employees, it demanded payment for services not rendered.

Government, Incompetence

WASHINGTON, Aug 5 (Reuters) - The U.S. Postal Service reported a quarterly net loss of $3.5 billion on Thursday and said it will likely have a cash shortfall going into 2011. The agency, which delivers nearly half the world's mail, has reported net losses in 14 of the last 16 fiscal quarters.

Government, Incompetence

The U.S. Postal Service's current business model "is not viable" and the mail agency should make deeper job and wage cuts, hire more part-time staff and consider outsourcing operations.

Crime, Government, Incompetence, Sex

The U.S. Postal Service still was doing business Friday with a Detroit contractor that repairs mail vehicles, a day after the garage was accused of paying thousands of dollars in bribes and providing a prostitute to government employees.

Government, Incompetence

NEW YORK (CNNMoney) -- The U.S. Postal Service continues to hemorrhage money, with a loss of $2.2 billion in the most recent quarter. The national mail service said Tuesday that it expects to have a cash shortfall and reach its statutory borrowing limit by the time its fiscal year ends in September. That means the agency could be forced to default on some of its payments to the federal government.

Government, Incompetence, Degeneracy, Funny

PORTLAND, Ore. - A mail carrier who was caught using a yard as his personal toilet will not be fired.

Government, Incompetence, Funny

Derfler was waiting for his babysitter when he saw his mailman acting odd at a neighbor’s house across the street. The postal worker then pulled down his pants. That’s when Derfler starting snapping pictures. The pictures show the postal worker squatting near some bushes and pulling his pants up. Derfler even photographed what was left behind.

Government, Incompetence

The U.S. Postal Service warned Wednesday that it may default on some of its financial obligations later this year after reporting yet another quarterly loss.

Government, Incompetence, Funny, Oops

The U.S. Postal Service inadvertently used a replica of the Statue of Liberty that stands in front of a Las Vegas hotel as the model for its stamp instead of the one in New York Harbor, the Las Vegas Review-Journal reports.