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The House Oversight and Government Reform Committee today released "Postal Crisis 101: The Postal Bailout," a new video explaining the dire consequences if Congress fails to confront the fiscal crisis facing the United States Postal Service. Since its peak in 2006, mail volume has declined by 46 billion pieces. The Postal Service has projected a $10 billion loss in Fiscal Year 2011.

The Issa-McCain-Ross Postal Reform Act of 2011 is the only plan that removes road blocks which prevent the Postal Service from reducing expenses in line with declining revenue, implementing cost-cutting structural reforms, and ensuring the PostalService meets its obligations without exposing taxpayers to a multi-billiontaxpayer funded bailout.