Postal Service may get short-term financial help

WASHINGTON (AP) ? The White House may pull the Postal Service back from the brink of insolvency, at least for a few months.

Postmaster General Patrick Donahoe reports the agency will be unable to make a required $5.5 billion payment to the Treasury at the end of September.

But the Office of Personnel Management says the White House may delay the payment for 90 days as part of a larger economic package in the works.

Postal spokeswoman Yvonne Yoerger said she had no details of the plan and that a long-term solution will still be needed.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-09-07-Postal%20Problems/id-eac8702d48af4f12bcbcc25aa9b44e14

tallinn csco monkey pga tour steve smith waves wood