The U.S. Postal Service affirmed it won’t make a required $5.5 billion payment due today to the U.S. Treasury for future retirees’ health care, an obligation the agency said must end for it to become financially viable.
The payment was initially due last September. Nor can the agency afford a $5.6 billion payment required by Sept. 30 for this year. Postal legislation passed by the Senate on April 25 would slow the schedule for those obligations. The House hasn’t acted on a different postal measure aimed at changes to help the service.