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Message Subject US Postal Service defaults. Fate lies with Congress...Again!! And Again!! and...
Poster Handle PravdaDemocrat
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US Postal Service defaults. Fate lies with Congress.

The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.

In an interview, Postmaster General Patrick Donahoe said the mail agency will be forced to miss the $5.6 billion payment due to the Treasury on Sunday, its second default in as many months. Congress has left Washington until after the November elections, without approving a postal fix.

[link to www.csmonitor.com]

this aint the first time..read more from others here on glp

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 Quoting: Gonviral

Who cares...
It won't make the evening news shows, but the wonderous news of the UNICORNS BRINGING 700,000+ Jobs will!!
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