WASHINGTON, D.C (KTIV) – The Postmaster General says if the U.S. Postal Service were a private company, it would be in the middle of bankruptcy proceedings, right now. The agency reported a $5-billion loss in the last fiscal year, alone. Officials say “doing nothing is not an option.” Senator Chuck Grassley of Iowa is all to familiar with possible post office closures, and the layoffs that would follow. Grassley has a farm near New Hartford, in eastern Iowa.”Our post office is one of the ones scheduled to close,” Sen. Charles Grassley, (R) Iowa said. “We have to pass this bill or there’s gonna be a lot of drastic things done to the postal service,” Grassley said. Grassley on postal reform bill: “We have to pass this”

via KTIV-TV