Post Office May Default On Federal Loan Payments

The debt crisis grows deeper for the U.S. Postal Service (USPS). Soon after announcing aggressive cost cutting measures, the USPS said it might still default on loan payments it owes to the federal government due at the end of September 2011.
Post Office May Default On Federal Loan Payments
The U.S. Post Office in Midtown Manhattan. The Postal Service plans on cutting more work hours, closing unused branches, and restructuring its organization. Jaya Gibson/The Epoch Times
Conan Milner
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/PostOffice_JayaGibson_8-1-2011.JPG" alt="The U.S. Post Office in Midtown Manhattan. The Postal Service plans on cutting more work hours, closing unused branches, and restructuring its organization. (Jaya Gibson/The Epoch Times)" title="The U.S. Post Office in Midtown Manhattan. The Postal Service plans on cutting more work hours, closing unused branches, and restructuring its organization. (Jaya Gibson/The Epoch Times)" width="320" class="size-medium wp-image-1798259"/></a>
The U.S. Post Office in Midtown Manhattan. The Postal Service plans on cutting more work hours, closing unused branches, and restructuring its organization. (Jaya Gibson/The Epoch Times)
Conan Milner
Conan Milner
Author
Conan Milner is a health reporter for the Epoch Times. He graduated from Wayne State University with a Bachelor of Fine Arts and is a member of the American Herbalist Guild.
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