Post Office’s Retiree Health Benefits Hole Gets Deeper
The New York Times: Distress Deepening, Postal Service Defaults On $5.6 Billion Benefits Payment
The Postal Service sank deeper into debt on Monday after the agency defaulted on a $5.6 billion payment due at the end of September, the second time it has missed a deadline this year to set aside money for its future retiree health benefits (Nixon, 10/1).