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USPS may not be able to make $5.5B payment

The USPS may soon be in default. It might not be able to make a $5.5 billion payment due this month.
September 5, 2011 12:00:00 AM PDT
The United States Postal Service warns that it may soon be in default.

According to the New York Times, the agency is struggling to pay its bills and might not be able to make a $5.5 billion payment due this month.

The postal service is calling on Congress to step in and help straighten out its finances.

Without help, the agency says they may be forced to shut down this winter.


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