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What if the Postal Service runs out of money?
Wednesday - 9/29/2010, 3:34pm EDT
"We are perilously close to running out of cash in October or November," Postmaster General John E. Potter told the Post.
USPS must pay $5.5 billion each year to prefund its retiree health benefits. There is no penalty if USPS doesn't pay.
But as the nation's second largest employer, if USPS can't make the $5.5 billion payment, who can?
A bill by Sen. Thomas Carper (D-Del.) attempts to save USPS from its growing debt.
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