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Nov. 5 2012 06:09 PM

Federal Times--In the past three months, the U.S. Postal Service has defaulted twice on payments it owes the federal government and reached its $15 billion borrowing limit from the U.S. Treasury. In short, USPS now owes a total of $11.1 billion that it does not have, and has no financial cushion should its revenues dip. Read more!
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