Postal service defaults on a $5.6 billion benefits payment – San Jose Mercury News
Ballard News Tribune Postal service defaults on a $5.6 billion benefits paymentSan Jose Mercury NewsThe post office said it expected net operating losses to be $15 billion for the fiscal year that ended Sept. 30. That loss includes the two missed payments totaling $11.1 billion for the agency's future retire funds. This month, the post…