Federal Insider: Postal Service to default on payment

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	Wednesday, August 01, 2012

News from the Fed Page

SAN FRANCISCO, CA - DECEMBER 05: Customers wait in line to ship packages at a US Post Office on December 5, 2011 in San Francisco, California. The US Postal Service announced today that they are considering a plan to eliminate the first class next-day delivery for stamped letters as well as closing half of its 487 mail processing plants across the country in an effort to cut costs and avoid bankruptcy. (Photo by Justin Sullivan/Getty Images)

Postal Service set to default on payment

Lisa Rein and Ed O'Keefe

The U.S. Postal Service, facing a $14.1 billion loss, will default on a $5.5 billion payment to the U.S. Treasury.

More Federal Headlines

The Federal Eye

Federal Diary

State of Federal Privacy and Data Security Law: Lagging Behind the times. photo of greg long, executive directory of the federal retirement thrift investment board.

There's a lesson in the TSP breach

Joe Davidson

Senate testimony indicates federal employees' money might be safe with the Thrift Saving Plan, but their personal information isn't — and that includes members of Congress.

Federal question of the week

Is there any talk about looming sequestration among you and your colleagues?

On Leadership

President Barack Obama talks with former President Bill Clinton backstage at the New Amsterdam Theater in New York, N.Y., June 4, 2012. (Official White House Photo by Pete Souza) This official White House photograph is being made available only for publication by news organizations and/or for personal use printing by the subject(s) of the photograph. The photograph may not be manipulated in any way and may not be used in commercial or political materials, advertisements, emails, products, promotions that in any way suggests approval or endorsement of the President, the First Family, or the White House.

Why Bill Clinton is the best choice for the convention

Jena McGregor

Having Clinton place Obama's name in nomination at the Democratic National Convention isn't traditional practice, but here's why it makes sense.

See more from Jena McGregor's PostLeadership blog

Federal Player of the Week

Congress's watchdog on retirement issues

The Partnership for Public Service

When Congress calls, Barbara Bovbjerg is ready with the answers.

The voting database

Browse every vote in the U.S. Congress since 1991.



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