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Tag Archives: default

Post office near default? Losses mount to $5.1B

WASHINGTON — 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 ...

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The next front for ground-rent reforms

This week’s Court of Appeals decision invalidating one ground-rent reform opens the door for the next stage: a separate class action brought by ground lease holders who say another recent change has made their investments worthless. In April, Anne Arundel ...

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