Postal Service on the verge of default

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Anonymous Coward User ID: 984249 Canada 08/01/2012 05:37 PM Report Abusive Post Report Copyright Violation	Postal Service on the verge of default [link to money.cnn.com] Postal Service on the verge of default Without last-minute 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. While default would be a first for the Postal Service and a sign of how deep its problems are, it's largely symbolic. Postal officials have pledged that employees and subcontractors will continue to be paid and mail will be delivered as normal.
Anonymous Coward User ID: 1550123 United States 08/01/2012 05:40 PM Report Abusive Post Report Copyright Violation	Re: Postal Service on the verge of default oh well, everything is going to have to contract in this economy now. time to tighten belts. that might not be a bad thing for many people.
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