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11 Billion default???? United Sates Postal service

 
Badcarma69
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User ID: 2391051
United States
08/01/2012 08:43 AM
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11 Billion default???? United Sates Postal service
Got to love the treasury department?? WTF, I mean Central banks...


With cash running perilously low, two legally required payments for future postal retirees' health benefits — $5.5 billion due TODAY, and another $5.6 billion due in September — will be left unpaid, the mail agency said Monday. Postal officials said they also are studying whether they may need to delay other obligations. In the coming months, a $1.5 billion payment is due to the Labor Department for workers compensation, which for now it expects to make, as well as millions in interest payments to the Treasury.





[link to www.businessinsider.com]
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