Post office in HUGE financial jam

As of midnight Wednesday, the Postal Service will be in default — for the first time in its history — on a $5.5 billion payment owed the federal government to prep health care benefits for retirees. More: continued here

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Postal cuts hurt rural areas – USA TODAY

USA TODAY Postal cuts hurt rural areasUSA TODAYThe Postal Service, reeling from its failure Wednesday to make a $5.5 billion payment toward employee benefits, continues to move ahead with plans to cut hours at more than 13000 rural post offices. A mailbox sits outside a U.S. Post Office in Lawrence …

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