Huffpost Business

Postal Service On Brink Of Default

Posted: Updated:
POSTAL SERVICE
Getty

The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.

Read the whole story at The New York Times

Around the Web

Clock ticking on US Postal Service default