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

  • Tuesday, March 11 2014 3:47 PM EDT2014-03-11 19:47:09 GMT
    SPOKANE, Wash. - KHQ News was first on the scene Tuesday when a man and a woman were found in the back of a garbage truck. The truck picked up a dumpster near Sherman and 2nd downtown early Tuesday morning. READ MORE DETAILS INSIDE OF THE STORY>>>
    SPOKANE, Wash. - KHQ News was first on the scene Tuesday when a man and a woman were found in the back of a garbage truck. The truck picked up a dumpster near Sherman and 2nd downtown early Tuesday morning. READ MORE DETAILS INSIDE OF THE STORY>>>

  • Tuesday, March 11 2014 12:04 PM EDT2014-03-11 16:04:43 GMT
    KHQ.COM - If you are in the market to buy a house you may want to consider looking at these homes that are currently in foreclosure in N. Idaho. These are five homes in multiple areas of N. Idaho that you can get for under $120,000. With a little paint and some elbow grease, many of these homes would be great for those who are looking to flip a home and turn a profit.
    KHQ.COM - If you are in the market to buy a house you may want to consider looking at these homes that are currently in foreclosure in N. Idaho. These are five homes in multiple areas of N. Idaho that you can get for under $120,000. With a little paint and some elbow grease, many of these homes would be great for those who are looking to flip a home and turn a profit.

  • Tuesday, March 11 2014 3:20 PM EDT2014-03-11 19:20:47 GMT
    KHQ.COM - The 2014 “Freezin for a Reason” was a huge success! 42 jumpers all with supporting sponsors took the plunge in the Kootenai River and raised over $7300.00 for Special Olympics.Several of the local Special Olympic Athletes were on hand to cheer the jumpers, and wore their bright green jackets that were purchased by Bonners Ferry Rotary.
    KHQ.COM - The 2014 “Freezin for a Reason” was a huge success! 42 jumpers all with supporting sponsors took the plunge in the Kootenai River and raised over $7300.00 for Special Olympics.Several of the local Special Olympic Athletes were on hand to cheer the jumpers, and wore their bright green jackets that were purchased by Bonners Ferry Rotary.