Cash crunch with U.S. Postal Service could disrupt day-to-day ma - Spokane, North Idaho News & Weather KHQ.com

Cash crunch with U.S. Postal Service could disrupt day-to-day mail delivery

Posted: Updated:

WASHINGTON (AP) - The U.S. Postal Service is warning that it will likely default on up to $6.9 billion in payments for future retiree health benefits for the fifth straight year. It is citing a coming cash crunch that could disrupt day-to-day mail delivery.
    
The post office says it expects cash balances to run low by October. Postmaster General Megan Brennan stressed an urgent need for federal regulators to grant the Postal Service wide freedom to increase stamp prices to cover costs. She points to continuing red ink due to declining first-class mail volume and the expensive mandates for retiree benefits.
    
The Postal Service on Thursday reported a quarterly loss of $2.1 billion, compared to a $1.6 billion loss in the same period last year. That came despite double-digit growth in package delivery.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Evacuations remain in place as Upriver/Beacon Hill Fire grows to 120 acres; 2 homes lost

    Evacuations remain in place as Upriver/Beacon Hill Fire grows to 120 acres; 2 homes lost

    Wednesday, July 18 2018 12:54 AM EDT2018-07-18 04:54:44 GMT

    Fire crews are battling a large brush fire near Upriver Drive. The fire near Felts Field forced Level 3 evacuations for people South of Valley Springs, East of Minnehaha and north of Upriver. KHQ has learned one home has been lost, while another is involved. This is a developing story and will be updated when more information is available.

    >>

    Fire crews are battling a large brush fire near Upriver Drive. The fire near Felts Field forced Level 3 evacuations for people South of Valley Springs, East of Minnehaha and north of Upriver. KHQ has learned one home has been lost, while another is involved. This is a developing story and will be updated when more information is available.

    >>
  • Post Falls man dies in Spokane Valley crash

    Post Falls man dies in Spokane Valley crash

    Wednesday, July 18 2018 1:13 AM EDT2018-07-18 05:13:40 GMT

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

    >>

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

    >>
  • Death of Spokane County Jail inmate being investigated

    Death of Spokane County Jail inmate being investigated

    Tuesday, July 17 2018 11:47 PM EDT2018-07-18 03:47:40 GMT

    SPOKANE, Wash. - Spokane Detectives are investigating the in-custody death of an inmate at the Spokane County Jail. Deputies were called to the jail Tuesday afternoon regarding an inmate who was found deceased in a cell while inmates were being released for "out time" for that floor. Major Crimes Detectives are processing the scene and conducting interviews of inmates and correction staff. 

    >>

    SPOKANE, Wash. - Spokane Detectives are investigating the in-custody death of an inmate at the Spokane County Jail. Deputies were called to the jail Tuesday afternoon regarding an inmate who was found deceased in a cell while inmates were being released for "out time" for that floor. Major Crimes Detectives are processing the scene and conducting interviews of inmates and correction staff. 

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Post Falls man dies in Spokane Valley crash

    Post Falls man dies in Spokane Valley crash

    Wednesday, July 18 2018 1:13 AM EDT2018-07-18 05:13:40 GMT

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

    >>

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

    >>
  • Evacuations remain in place as Upriver/Beacon Hill Fire grows to 120 acres; 2 homes lost

    Evacuations remain in place as Upriver/Beacon Hill Fire grows to 120 acres; 2 homes lost

    Wednesday, July 18 2018 12:54 AM EDT2018-07-18 04:54:44 GMT

    Fire crews are battling a large brush fire near Upriver Drive. The fire near Felts Field forced Level 3 evacuations for people South of Valley Springs, East of Minnehaha and north of Upriver. KHQ has learned one home has been lost, while another is involved. This is a developing story and will be updated when more information is available.

    >>

    Fire crews are battling a large brush fire near Upriver Drive. The fire near Felts Field forced Level 3 evacuations for people South of Valley Springs, East of Minnehaha and north of Upriver. KHQ has learned one home has been lost, while another is involved. This is a developing story and will be updated when more information is available.

    >>
  • Death of Spokane County Jail inmate being investigated

    Death of Spokane County Jail inmate being investigated

    Tuesday, July 17 2018 11:47 PM EDT2018-07-18 03:47:40 GMT

    SPOKANE, Wash. - Spokane Detectives are investigating the in-custody death of an inmate at the Spokane County Jail. Deputies were called to the jail Tuesday afternoon regarding an inmate who was found deceased in a cell while inmates were being released for "out time" for that floor. Major Crimes Detectives are processing the scene and conducting interviews of inmates and correction staff. 

    >>

    SPOKANE, Wash. - Spokane Detectives are investigating the in-custody death of an inmate at the Spokane County Jail. Deputies were called to the jail Tuesday afternoon regarding an inmate who was found deceased in a cell while inmates were being released for "out time" for that floor. Major Crimes Detectives are processing the scene and conducting interviews of inmates and correction staff. 

    >>