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Post Office

Postal service to default on $11.1b bill – Boston Globe

Postal service to default on $11.1b billBoston GlobeRobert ray/associated press. Jim Husa, 87, standing outside a Post Office after mailing some letters in his Michigan hometown, said: ''Times have changed, and we old-timers know that. FedEx and UPS and the Internet seem to be making the Postal Service … More: …

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It’s D-Day for the Post Office – New York Times

It's D-Day for the Post OfficeNew York TimesWelcome to the week the United States Postal Service defaults on a major obligation. D-Day is Wednesday, Aug. 1, when the Postal Service is obligated, by statute, to make a $5.5 billion payment, money that is supposed to be put aside to “prefund …

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