It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
"[USPS] top executives are now saying that the USPS will default on a $5.4 billion payment to prefund future retiree health benefits on September 30, 2009. And its government affairs representative are now telling Congressional staff that the Postal Service may not be able to make payroll in October and will be forced to issue IOUs instead."
Originally posted by Retseh
Somehow I find it very hard to believe that postal service employees won't be receiving their checks as normal in October.
This looks to be the Union getting antsy about a lack of funds in the retirement plan, and stirring up some controversy to bring attention to it.
Best scaremongering story so far today though