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default, usps broke
(Image from article: "In financial crisis, Post office turns to Congress")

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Post office near default? Losses mount to $5.1B

Post office near default? Losses mount to $5.1B

The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume....

 

In financial crisis, Post office turns to Congress

In financial crisis, Post office turns to Congress

Postmaster General Patrick Donahoe warned that the Postal Service is on "the brink of default" as he battles to keep his agency solvent. Without legislation by Sept. 30, the agency "will default on a mandated $5.5 billion payment to the Treasury," Donahoe told the Senate Homeland Security and Governmental Affairs Committee on Tuesday.

 

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