Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Postal Service Defaults on Payment to Treasury Postal Service Defaults on Payment to Treasury

NEXT :
This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Blogs

Power

Postal Service Defaults on Payment to Treasury

To no one's surprise the U.S. Postal Service failed to make a $5.6 billion payment to the Treasury on Sunday.

Congress has punted on the question of a solution until after the election. Expect Congress to fight Postal Service efforts to put ending Saturday delivery on the table as well as closing many rural post offices.

This was the second time the postal service defaulted on its prepayment obligation. It missed a $5.5 billion payment last month on fiscal 2011 obligations.

DON'T MISS TODAY'S TOP STORIES

Chock full of usable information on today's issues."

Michael, Executive Director

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy , Director of Communications

Great way to keep up with Washington"

Ray, Professor of Economics

Sign up form for the newsletter
MORE FROM NATIONAL JOURNAL