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12:17 am, November 29, 2014

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USPS defaults a second time as legislation stalls

For the second time in as many months, the cash- strapped U.S. Postal Service says it will default on a required payment to fund future postal retirees' health benefits. The announcement comes after the agency similarly missed a $5.5 billion payment last month, and as longterm legislative solutions languish in Congress.

Tags: USPS , Congress , budget , Darrell Issa , Tom Carper , House Oversight and Government Reform Committee

Thursday - 09/27/2012, 04:33pm EDT