A double whammy has hit the U.S. Postal Service. At the close of business on August 1, 2012, the Postal Service failed to make a $5.5 billion payment owed the U.S. Treasury. And on September 30, 2012, the Postal Service defaulted on another $5.6 billion payment. Will this $11.1 billion default impact postal contractors? No it won’t, according to the agency. But it certainly won’t help those who are doing business with the Postal Service.
Continue Reading Will the Postal Service’s $5.5 billion default impact its contractors?