Postal Service says the
check’s not in the mail
Now it’s the U.S. Postal Service that’s basically bankrupt. It lost $3.2 billion in the second quarter of this year. It’s unable to make a $5.5 billion payment Aug. 1 for its retiree health account for 2011 and could miss another $5.5 billion payment Sept. 30 to cover 2012. Missing the 2011 payment “wouldn’t directly affect service or [USPS’] ability to pay employees and suppliers,” reported the Wall Street Journal. So, junk mail still will choke your mailbox.