Postal Service May Be Close to Bankruptcy
Posted on Sep 22, 2011 5:10pm PDT
The U.S. Postal Service may be close to bankruptcy and may end up shutting down in the winter. According to reports, the agency will face default if it cannot may a $5.5 billion payment due soon. Now, the postal officer may be cutting Saturday delivery, workers and even closing down about 3,700 locations. It is believed that the Postal Service will be in debt at about $9 billion this year.
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