Detailed text transcripts for TV channel - KGO - 20110906:09

Detailed text transcripts for TV channel - KGO - 20110906:09:14:00

♪ go crazy on a night like tonight the summer's beginning to give up her fight ♪ welcome back, everybody. here's the ominous title of a hearing taking place on capitol hill today. u.s. postal service in crisis: proposals to prevent a postal shut-down. >> the head of the post office will be there today. as john berman reports, he's going to bepeaking in the starkest of terms. >> reporter: neither snow nor rain nor heat nor gloom of night is supposed to keep the post office from delivering mail. but all that isn't the problem. money is. the postmaster general will tell congress that with no help, the post office could default by the end of this month. the agency is running a $9.2 billion annual deficit and doesn't have $5.5 billion it must pay for retiree health benefits by september 30th. and without major and fast congressional action, some

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