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USPS Defaults on Retiree Payment

Updated: Tuesday, October 1 2013, 10:25 PM CDT

CEDAR RAPIDS (CBS 2/FOX 28) --
   Retirees from the United States Postal Service may not get their lastest benefit check any time soon.
   The post office has now defaulted on last month's $5.6 billion payment.
   The Postmaster General says he warned officials this would happen because the service is "in the midst of a financial disaster."
   Officials say the default is not related to the government shutdown.

USPS Defaults on Retiree Payment


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