The United States Postal Service defaulted today on a $5.5 billion payment to the United States Treasury, which was intended to cover the healthcare benefits of the organization's future retirees.
On July 30, the USPS issued a statement warning of the August 1 default, as well as a subsequent $5.6 billion payment that will not be made due. According to the statement, the USPS says there should not be any disruption of service.
