Friday, May 20, 2011

USPS warns of default on retiree benefits

http://www.federalnewsradio.com/index.php?nid=110&sid=2387275

The U.S. Postal Service will begin to default on its financial obligations just over four months from now unless Congress takes action to relieve it of its obligation to pre-fund retiree health care accounts, its leader told lawmakers Tuesday.

GT sez:

AND JUST WHEN WILL CONGRESS DECIDE TO 'RELIEVE' THE U.S. TREASURY OF ITS 'OBLIGATION' TO PAY ITS INTEREST PAYMENTS ON U.S. DEBT OWED TO FOREIGNERS FOR THE TREASURY BONDS THEY HAVE PURCHASED TO ALLOW THE U..S TO FUND ITS OPERATION?

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