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Video: Postal service on verge of going broke

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    >>> one of the headlines that greeted us on this labor day , the u.s. postal service is in such bad financial shape it may have to shut down this winter. it's a problem that's been in the making for a long time. the postal service lost $8.5 billion last year and has been working on ways to cut costs including cutting thousands, closing thousands of locations around the country. roger o'neil has more on the impact losing the town post office could have.

    >> reporter: it may be ant kuw "discovery" zooishgs.

    >> my mame is apz here.

    >> that could change for rogers and thousands more if the postal service persuades congress to close post offices . most will be rural, all are losing money like fork, south carolina .

    >> we must be very aggressive in realigning the operations of the postal service to match the declining mail volumes.

    >> reporter: closing post offices , many that opened in the 1800s , is one way the postal service can stop the hemorrhaging of money. it's not just about the mail.

    >> how is miss betty?

    >> doing good.

    >> did you all have a good trip?

    >> we had a great trip.

    >> we'd lose or identity.

    >> you look mighty pretty today.

    >> thank you.

    >> it's important to us. we're going to stand up and say no.

    >> reporter: before congress will say yes, maine senator collins wants overly generous worker benefits reduced.

    >> 80% of the postal services costs involve its work force . less than 1% involve operating small rural post offices .

    >> reporter: it was congress that imposed some of those onerous costs. postal offices say take the shackles off, and it will stop the financial bleeding. seemingly unstoppable is the rapid decline of the postal service 's cash cow , first class mail, and that just may put this in the museum of yesterday.

    >> thank you, linda. have a good day.

    >> reporter: roger o'neil, nbc news, fork, south carolina .


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