today s decision was criticized by several members of congress who may try to overule the agency. and the head of the letter carrier s union called the move a disastrous idea that would have a profoundly negative effect. joining us now is postmaster general patrick donohoe. and welcome to you. you spoke today being in a very scary position financially. how scary? well, here s where we are right flow. now. as you mentioned we had a pretty substantial loss last year and those were accounting losses. $11.1 billion of the $15.9 is attributed to prepayment for retiree health care that we didn t pay. we defaulted. you have to count that in terms of your accounting rules. so what happened last year, when all was said and done, we had a loss of about $2 billion are a little over $2 billion from an operating revenue perspective. the problem that you have going forward is each year that we ve had these losses brings the cash levels down farther and further. at one point in octobe
who may try to overule the agency. and the head of the letter carrier s union called the move a disastrous idea that would have a profoundly negative effect. joining us now is postmaster general patrick donohoe. and welcome to you. you spoke today being in a very scary position financially. how scary? well, here s where we are right flow. now. as you mentioned we had a pretty substantial loss last year and those were accounting losses. $11.1 billion of the $15.9 is attributed to prepayment for retiree health care that we didn t pay. we defaulted. you have to count that in terms of your accounting rules. so what happened last year, when all was said and done, we had a loss of about $2 billion are a little over $2 billion from an operating revenue perspective. the problem that you have going forward is each year that we ve had these losses brings the cash levels down farther and further. at one point in october we had four days of cash on hand. that s entirely too small a
brown: and ray suarez reports on the plight of syrian refugees who ve fled to lebanon. at this tent camp in al-marj, in the eastern part of lebanon s bekaa valley only 25 miles from the syrian border refugees are struggling to adapt to a new, impermanent reality. ifill: and we close with a look at what s happening with the boy scouts, as they struggle to decide whether to lift a long-standing ban on openly gay members. brown: that eaalahl d on tonight s newshour. major funding for the pbs newshour has been provided by: this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. brown: the u.s. postal service announced today it plans to end saturday mail delivery beginning in aust.ah under the plan, post offices alreadopen on saturdays will remain so. packages will also continue to be delivered on saturdays. but home and business mail would end. the move would save an es
on the plight of syrian refugees who ve fled to lebanon. at this tent camp in al-marj, in the eastern part of lebanon s bekaa valley only 25 miles from the syrian border refugees are struggling to adapt to a new, impermanent reality. ifill: and we close with a look at what s happening with the boy scouts, as they struggle to decide whether to lift a long-standing ban on openly gay members. brown: that s all ahead on tonight s newshour. major funding for the pbs newshour has been provided by: this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. brown: the u.s. postal service announced today it plans to end saturday mail delivery beginning in august. under the plan, post offices already open on saturdays will remain so. packages will also continue to be delivered on saturdays. but home and business mail would end. the move would save an estimated $2 billion annually.