Business News: Postal service may run out of money - KYTX CBS 19 Tyler Longview News Weather Sports

Business News: Postal service may run out of money

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(CBS) - The post office could run out of money in nine months unless Congress delivers.
The agency loses about $25 million dollars a day now that Americans use more digital forms of communication. Last year Congress considered a bill to cut down expenses - including an end to Saturday delivery - but the legislation was blocked. The postal service is looking to the new congress to get a deal done.


(CBS) - Companies will start revealing their earnings this week. Alcoa will be the first to report fourth quarter profits on Tuesday. Analysts are expecting a boost in business for the aluminum maker. Banking giant Wells Fargo will also issue its report.


(CBS) - Italy's economy is hurting - but one business is thriving... gambling. Italy is now Europe's biggest gambling destination. In recent years lawmakers have relaxed the country's once strict gambling laws. The new business is raising tax revenue, but some believe it could have serious social consequences as more struggling Italians take a chance.

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