August 2012

  • The US Postal Service's forced financial crisis

    Congress went on recess this week leaving the United States Postal Service financial crisis, unresolved. At midnight tonight, the Postal Service will default on a $5.5 billion payment it owes to the Treasury Department. This default will not have any immediate effects on day-to-day operations at the Postal Service, but it highlights the financial troubles that the institution, which was created more than 200 years ago by Ben f

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