The agency blames factors including declining mail volumes and the unusual 2006 mandate by Congress that it annually set aside billions for future retirees.

WSJ: Post Office Might Miss Retirees' Payment

Earlier today President Obama participated in the 2012 National Level Exercise (NLE), sponsored by the Federal Emergency Management Agency (FEMA) as a part of its mandate to regularly test and evaluate our ability to respond to and recover from catastrophic events.

WHITEHOUSE: The White House

Syria has agreed to extend the mandate of the Arab League observer mission by a month, Syria's state-run news agency Sana reports.

BBC: Syria agrees to extend Arab League observer mission