When US Postal Service pays for a $7.5 billion loan

The USPS will have to borrow a record $7,500 million from the government to repay the $1.1 trillion debt, the government announced Wednesday.The agency will have a $50 billion cash reserve, the lowest level in the last 60 years, which will help pay for the loans.The agency’s credit rating was downgraded by Moody’s Investors Service […]

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