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Postal Service defaults on $5.6 billion payment

By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS

Posted: October 2, 2012 at 4:51 a.m.

The Postal Service sank deeper into debt Monday after the agency defaulted on a $5.6 billion payment due at the end of September, the second time the agency has missed a deadline this year to set aside money for its future retiree health benefits.

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Front Section, Pages 1 on 10/02/2012

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