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Friday, July 20, 2012

The Postal Service Is ThisClose To Defaulting For The First Time Ever

The United States Postal Service is again standing on the edge of disaster with a looming Aug. 1 deadline to escape defaulting. If Congress doesn't do something soon, said a spokesman, the USPS won't be able to make a legally required annual $5.5 billion payment into a health-benefits fund for future retirees.

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1 comment:

Anonymous said...

I know of no one in the private sector who gets free health benefits at the taxpayers expense once their retired.