Editorial: Congress’ inaction on Postal Service default disgraceful

Federal Times - Barring some unexpected intervention from Congress, the cash-strapped U.S. Postal Service will default on Aug. 1, when it fails to pay $5.5 billion into a retiree health care fund, which is required under law. Two months later, on Sept. 30, the Postal Service is likely to default again, this time on a $5.6 billion payment to the same fund. It’s a monumental failure — but it’s Congress, not the Postal Service, that should be ashamed.