Jul 19, 2012

USPS to Default on Retiree Healthcare Benefits

"...The U.S. Postal Service said it would default on a required annual payment of $5.5 billion into a retiree healthcare benefits fund if Congress doesn't act...

Lawmakers likely won't take any action soon, the Journal said. The Senate has passed legislation to overhaul the agency, but the House says it doesn't expect to take up its own proposal until after August..."

Read more at UPI.com

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