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Post Office Days Away From 1st Default

USPS warns it will default on retiree payment

By Evann Gastaldo,  Newser Staff

Posted Jul 19, 2012 6:54 AM CDT

(Newser) – If Congress doesn't do something, the US Postal Service will default for the first time ever on Aug. 1. That's the day a $5.5 billion payment is supposed to be made into a benefits fund for future retirees; another legally-required payment of...   Read full story »

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