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Congress is mired in a standoff over the nation's fiscal stability, and once the parties find agreement, lawmakers will head home for August recess. When they come back, they'll have another fiscal crisis to confront: The U.S. Postal Service's pending bankruptcy.
The Postal Service has been going bankrupt for some time now. In the second quarter of 2011 alone, it lost $2.2 billion.
There are two comprehensive bills in Congress aimed at rescuing USPS, one from Sen. Tom Carper (D-Del.) and another from House Oversight and Government Affairs Committee Chairman Darrell Issa (R-Calif.).
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