Postal Service Won’t Shut Down but Will Default on Its Debt

Townhall.com Staff
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Posted: Oct 01, 2013 10:43 AM


The U.S. Postal Service (USPS) defaulted on its debt last night. No, it has nothing to do with the partial shutdown of the government. The USPS is not affected by that. Rather, it has its very own, parallel fiscal crisis that threatens its viability as an institution. Yesterday’s default—on $5.6 … More

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