The Postal Service Is ThisClose To Defaulting For The First Time Ever

The Postal Service Is ThisClose To Defaulting For The First Time Ever

The United States Postal Service is again standing on the edge of disaster with a looming Aug. 1 deadline to escape defaulting. If Congress doesn’t do something soon, said a spokesman, the USPS won’t be able to make a legally required annual $5.5 billion payment into a health-benefits fund for future retirees. [More]