2011-08-08 — washingtonpost.com
"As if the country weren't already dealing with enough headaches, the U.S. Postal Service announced on Friday that it's now on the verge of default. "We are experiencing a severe cash crisis," said CFO Joseph Corbett. "Without changes in the law, the Postal Service will be unable to make the $5.5 billion mandated prepayment due in September." So what does that mean?"
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