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: Instapundit.comTHE WORLD THAT DOESN?T WORK? Postal Service warns of default as losses mount. ?The U.S. Postal Ser?
By Glenn Reynolds
THE WORLD THAT DOESN’T WORK? Postal Service warns of default as losses mount. “The U.S. Postal Service warned Wednesday that it may default on some of its financial obligations later this year after reporting yet another quarterly loss. . . . The agency has been suffering from an ongoing decline in mail volume, which has undercut revenues, while retiree health care costs have been straining its reserves.”
Full post as published by Instapundit.com on February 10, 2011 (boomark / email).
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