Twitterer @nonprofitpostal has been providing updates from today’s MTAC meeting. A few minutes ago he tweeted the answer to the question of whether the USPS would have to shut down next summer when it runs out of money to pay its bills:
USPS will not "shut down" in Jly or Aug 2012 due 2 cash crunch bc they’ll have about $2B from not paying CSRS or FERS, plus $2 Bil fm Q3. USPS has a total $10B in gvmt pmts per yr which will be paid after suppliers and employees, if at all, until legislation intervenes. Any shut-down is only theoretic. Will. Not. Happen.