GO
Loading...

US Postal Service May Dodge Insolvency—For Now

The White House may pull the Postal Service back from the brink of insolvency, at least for a few months.

Postal worker
Getty Images
Postal worker

Postmaster General Patrick Donahoe reports the agency will be unable to make a required $5.5 billion payment to the Treasury at the end of September.

But the Office of Personnel Management says the White House may delay the payment for 90 days as part of a larger economic package in the works.

Postal spokeswoman Yvonne Yoerger said she had no details of the plan and that a long-term solution will still be needed.

Contact Politics

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More