More Bad News For The Postal Service - Spokane, North Idaho News & Weather KHQ.com

More Bad News For The Postal Service

Posted: Updated:

HUFFINGTONPOST.COM - The U.S. Postal Service may be able to deliver your bill payments, but it's having a little trouble delivering its own.

Come Sept. 30, USPS will default on a $5.6 billion payment mandated by Congress to prefund employee retirement benefits, CNNMoney reports. That will be the second time the government agency has defaulted in as many months after missing an August payment worth $5.5 billion.

While mail operations will continue as usual, the second default is yet another sign of the postal service's increasingly desperate financial situation. By May of this year it had already lost $6 billion. click here to read more

  • Most Popular StoriesMost Popular Stories

  • Friday, May 24 2013 4:52 PM EDT2013-05-24 20:52:07 GMT
    KHQ.COM - A driver said he thought he was about to die when an Interstate 5 bridge span collapsed in Washington state, plunging his pickup and another car into the Skagit River below.
    KHQ.COM - A driver said he thought he was about to die when an Interstate 5 bridge span collapsed in Washington state, plunging his pickup and another car into the Skagit River below. Dan Sligh, his wife and another motorist found themselves waist-deep in water when the freeway crumbled moments after the bridge was clipped by an oversized truck.

  • Friday, May 24 2013 12:20 PM EDT2013-05-24 16:20:24 GMT
    MOUNT VERNON, Wash. (AP) - The wife of a Canadian trucker whose rig caused the collapse of a Washington bridge says a special vehicle called a pole car had traveled the route to make sure the load would fit.
    MOUNT VERNON, Wash. (AP) - The wife of a Canadian trucker whose rig caused the collapse of a Washington bridge says a special vehicle called a pole car had traveled the route to make sure the load would fit.

  • Thursday, May 23 2013 5:12 PM EDT2013-05-23 21:12:15 GMT
    AIRWAY HEIGHTS, Wash. - On Thursday dozens of people lined the streets in Airway Heights to pay their respects to two fallen Fairchild Airmen.
    AIRWAY HEIGHTS, Wash. - On Thursday dozens of people lined the streets in Airway Heights to pay their respects to Capt. Victoria Pinckney and Tech. Sgt. Herman "Tre" Mackey III as their bodies were transported to Spokane ahead of Tuesday's public memorial.