Time’s Up: 
USPS Proposes Monster Cuts

The Postal Service also wants to pull its current employees and pensioners out of the retirement and health benefits plans covering federal workers in order to set up its own benefits system. Having already maxed out its borrowing limit and enduring another year of $8 billion in losses, USPS has already indicated it will not be able to make the health care benefits prepayment, due Sept. 30.