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11 Things You Should Know About The U.S. Postal Service Before It Goes Bankrupt
• Business InsiderFacing a projected $6.4 billion loss this year, the Postal Service is expected to hit its own debt ceiling by the end of this fiscal year on Sept. 30.
The federal government will then have to choose between letting the agency default on its massive pension obligations or bailing it out to the tune of more than $50 billion.