Postal Service on the Brink of Default

Ad Feedback

The U.S. Postal Service creed says, "Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds."

But on Aug. 1, the Postal Service may do much more than fail to deliver the mail. It may default on billions of dollars in health benefits for its future retirees.

Congressional action is all that can stop the default, and lawmakers likely won't take action. The House is getting ready to leave for its August recess.

The Postal Service blames its money problems on declining mail volumes and the requirement to set aside billions for its future retirees.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.