Alan Robinson notes that a reporter has suggested that the US Postal Service might run out of cash come October- and be unable to meet it’s payroll:

US Postal Service tells @macfarlanenews : “possibility the American taxpayer will be on the hook” for postal worker paychecks come October

— Scott MacFarlane (@MacFarlaneNews) April 15, 2013

The report was apparently based on comments made at a recent “Industry Focus Group”.

In a related item, the Cleveland Plain Dealer reported that the Postmaster General told Congress that “the post office will run out of money this year unless it gets help… as he sought permission to cut delivery to five days a week.”

Before you get too excited about the PMG’s dire warning (or reporter MacFarlane’s “scoop”), I should tell you that the PMG who issued that warning wasn’t Pat Donahoe- it was Jack Potter, and the Plain Dealer story is from 2009.

And they wonder why their warnings aren’t taken seriously?

Read more: USPS May Not Have Cash to Meet Payroll in October | Courier Express and Postal Observer.

This entry was posted on Monday, April 15th, 2013 at 7:44 pm and is filed under 5 Day Delivery.com, PMG, postal, postal finances. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed. Edit this entry.