solvency

  1. Postal Service Is Nearing Default as Losses Mount

    The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless...
    • reghakr
    • Thread
    • agency business cash flow congress default emergency finance loss postal service solvency
    • Replies: 4
    • Forum: The Water Cooler