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06:44 AM
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US Postal Service warns it could default
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[quote:Anonymous Coward 1495393:MV8xNTg1NjcxXzI2MjAzNjY2X0U1MzkyNzVE] Works for me. Let the postal employees pay their own damn health fund like the rest of us have to do. [/quote]
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The US Postal Service warned on Friday that it could default on payments it owes the federal government, just days after the US government itself narrowly averted a default.
The government’s mail service said it lost $3.1 billion in the period from April to June, blaming “the anemic state of the economy” and the growing popularity of electronic communications over old-fashioned letters.
As a result of its mounting losses, the US Postal Service said it would not be able to make a legally required $5.5 billion payment in September to a health-benefits trust fund.
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