In E-Mail Age, Postal Service Struggles to Avoid a Default – NYTimes.com


In E-Mail Age, Postal Service Struggles to Avoid a Default – NYTimes.com.

 

Missing the $5.5 billion payment due on Sept. 30, intended to finance retirees’ future health care, won’t cause immediate disaster. But sometime early next year, the agency will run out of money to pay its employees and gas up its trucks, officials warn, forcing it to stop delivering the roughly three billion pieces of mail it handles weekly.

The causes of the crisis are well known and immensely difficult to overcome.

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One comment on “In E-Mail Age, Postal Service Struggles to Avoid a Default – NYTimes.com

  1. Very true, the era of sending letters is over. There is still a need for delivering packages ordered online, however with Fedex, UPS and others, the intense competition will surely weaken the United States Postal Services quite a bit.

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