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A mailman for the U.S. Postal Service delivers mail on November 15, 2012 in Miami, Florida. The United States Postal Service reported a record annual yearly loss of $15.9 billion, more than triple the $5.1 billion loss last year.
For years, Lance Armstrong rode with a team sponsored by the U.S. Postal Service. Armstrong is reportedly in talks to return some of the millions of dollars he received from the agency.
But that wouldn't do much to help the floundering Postal Service, which loses millions of dollars each day. According to David Williams, the inspector general of the U.S. Postal Service, the USPS could go under this year, unless Congress acts.
We speak with Heidi Moore of the Guardian on why a Congress distracted by elections and the fiscal cliff could be the agency's undoing.