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Tag Archives: u.s. postal service

Post office nears historic default on $5B payment

WASHINGTON — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem ...

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Senate: Make it tougher to close post offices

WASHINGTON — A Senate bill aimed at saving the U.S. Postal Service would make it harder to close thousands of low-revenue post offices and end Saturday mail delivery, even though the struggling agency says those moves are just what’s needed ...

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Senate seeks ways to save ailing U.S. Postal Service

WASHINGTON — With big postal cuts looming, the Senate is deciding whether to stabilize the ailing U.S. Postal Service with a short-term cash infusion while delaying most decisions on closing post offices and ending Saturday mail delivery by requiring further ...

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Postal changes will hurt small businesses

Utility bills are paid, legal briefs are filed and the Christmas shopping all gets done online. But for magazines, clothing catalogues and movies, the mail still matters. For some mail-dependent businesses, quick and cheap first-class mail service from the U.S. ...

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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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