Post office nears historic default on $5B payment; says it's losing $25M a day
Published 07/30/2012, INFORUM
WASHINGTON — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency's solvency as first-class letters plummet and Congress deadlocks on ways to stem the red ink.Word count: 1295
The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.