days of default


USPS Defaults On Another $5.6 Billion Payment But Assures Customers It’ll Be Business As Usual

The United States Postal Service warned this would happen and it did — it defaulted on another $5.6 billion payment to its future retiree benefits account. It’s the second default by the agency in two months, and the USPS says it’s because Congress failed to act. Despite those woes, the USPS assures customers that business will go on as usual. [More]