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Transcripts For CNNW CNN Newsroom 20110912

malone s is the country s only village post office. the postal service says they expect to save about $42,000 a year here and may turn as many as 3,700 existing locations into village post offices. but with a looming debt of $9 billion, saving the u.s. mail service is going to take more than a village post office. patrick oppman, cnn, malone, washington. the news continues now with randi kaye. this is the bill, says president obama. the question now is whether the american jobs act will ever be turned into law and how fast. as you may have seen live right here on cnn, president today showed off the job creating blueprint he plans to send to congress just hours from now. it is $447 billion worth of tax breaks and new federal spending which the white house says will be more than offset elsewhere in the budget. it would deepen and extent the existing payroll tax cut for employees and employers, it would pump $60 billion into infrastructure projects and $25 billion into schoo

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