According to a tweet from Zero Hedge, the U.S. Postal Service will not be making its $5.5 billion retiree payment on September 30, 2011 in full.
The United States Postal Service is undergoing a major restructuring, as it seeks to shed thousands of employees, while it deals with falling mail volumes. It's considered shutting Saturday service, and some have even speculated that UPS UPS could buy the USPS and take over its business.
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