USPS Expects Only 5 Day Cash Reserve

http://www.washingtonpost.com/blogs/federal-eye/wp/2013/08/13/postal-service-expects-only-five-day-cash-reserve-in-october/

The U.S. Postal Service anticipates having only five days of operating cash on hand after making its annual workers’ compensation payment in October, leaving the agency with slim reserves in the event of an unforeseen downturn.
“This is a dangerously low level of cash,” said USPS Chief Financial Officer Joseph Corbett during a teleconference with reporters on Monday. “We do not have a sufficient cash cushion to run a business the size of the Postal Service.”
USPS spokesman David Partenheimer clarified Tuesday that the agency should be able to survive with a five-day reserve until the first quarter, when revenues for the agency typically begin to increase. “But no business should have to operate that way,” he added.