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Postal Service to Miss $5.5 Billion Payment to U.S. Treasury

 
Anonymous Coward
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07/31/2012 04:54 PM
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Postal Service to Miss $5.5 Billion Payment to U.S. Treasury
The service has said for months it couldn’t afford the payment, which was initially due last September, nor a $5.6 billion payment required by Sept. 30 for this year

The Postal Service, which has more employees than any U.S.- based publicly traded company other than Wal-Mart Stores Inc. (WMT), lost $3.2 billion in the quarter ended March 31

[link to www.bloomberg.com]
Anonymous Coward
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07/31/2012 04:57 PM
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Re: Postal Service to Miss $5.5 Billion Payment to U.S. Treasury
Here comes more theft of our money.
Anonymous Coward (OP)
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07/31/2012 05:03 PM
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Re: Postal Service to Miss $5.5 Billion Payment to U.S. Treasury
Total of 11.1 Billion due by Sept 30.th 2012
5.5 Billion due tomorrow (original due Sept 30, 2011) & 5.6 Billion due sept 30, 2012


Without help from Congress, the U.S. Postal Service is likely to default on a big bill due Wednesday to the federal government -- $5.5 billion to prepay health care benefits for retirees.

Postal officials have said they're bracing for default on the payment. They also don't have the money to make a $5.6 billion payment due Sept. 30


[link to money.cnn.com]
Anonymous Coward
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07/31/2012 05:07 PM
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Re: Postal Service to Miss $5.5 Billion Payment to U.S. Treasury
A friend of mine retired from USPS. He gets full hospitalization and a nice pension check. And soon, I suspect, the taxpayer will be susidizing their benefits....

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