No doubt, you've heard the news that the Postal Service will "default" on some obligations. Specifically, we will "default" on a congressionally mandated $5.5 billion payment to pre-fund retiree health benefits.
Some have wrongly concluded (like this Public Radio article) this to mean the USPS is going out of business, shutting down and won't deliver mail.
Postmaster General Donahoe cleared the air to the Senate Commitee last week. "Without legislative change this year, the Postal Service faces default, as available liquidity at the end of this month will be insufficient to meet our financial obligations."
A postal spokesman said that default on the payment wouldn't affect mail delivery or postal operations. He said this, "We will continue to deliver the mail as we have for more than 200 years. ."
What are you coworkers and customers saying? Is there confusion over the word, "default?"