U.S. Card Industry, Mail Carriers Flex Muscle in Postal Service Debate

The U.S. Postal Service (USPS), which is losing millions of dollars everyday as more Americans communicate by e-mail and the Internet, has said it could require a $47 billion taxpayer bailout by 2017 if Congress doesn't permit cuts.

At a hearing on Wednesday before the House Committee on Oversight and Government Reform, the president of the National Association of Letter Carriers urged lawmakers to write six-day delivery into law.

"Members of the committee should not blindly follow uninformed public opinion when it comes to Saturday delivery," said Frederic Rolando.