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united states postal service
USPS Says It Definitely Isn’t Going To Scrounge Up $5.5 Billion To Make Payment By Tomorrow

USPS Says It Definitely Isn’t Going To Scrounge Up $5.5 Billion To Make Payment By Tomorrow

By Mary Beth Quirk July 31, 2012

Remember when we reported that the U.S. Postal Service was thisclose to defaulting for the first time in its history? That deadline for paying the $5.5 billion it owes to the U.S Treasury is due tomorrow, and the agency says it’s just not going to find enough change in the couch cushions to pay it. [More]

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