USPS bracing for default on $5 billion
-
The U.S. Postal Service is asking Congress for a lifeline. Video by ktnv.com
video
The U.S. Postal Service is asking Congress for a lifeline.
The USPS owes more than $5 billion in health care pre-payments for future retirees.
Postal officials said they don't have the money, so they're bracing for a default on this payment, as well as the one due at the end of next month.
This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.