Tuesday, July 17, 2012

USPS default on Aug. 1 appears likely

The cash-strapped U.S. Postal Service is within weeks of defaulting on a legally required $5.5 billion payment into a heath benefits fund for future retirees.

So far, it appears House leaders have no intention of preventing that from happening — they have postponed any action on relief measures until at least fall.

(FULL STORY)    Source: Federal Times

No comments:

Post a Comment