USPS will default on a $5.4 billion

[KREBB]

“[USPS] top executives are now saying that the USPS will default on a $5.4 billion payment to prefund future retiree health benefits on September 30, 2009. And its government affairs representative are now telling Congressional staff that the Postal Service may not be able to make payroll in October and will be forced to issue IOUs instead.”


http://www.federaltimes.com/blogs/fedti ... letter.pdf" onclick="window.open(this.href);return false;



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