USPS Gets Reprieve from Congress on $5.5 Billion Payment

The United States Postal Service (USPS) has been granted a Congressional reprieve of the looming $5.5 billion retirement payment that was due back in September.

The payment's deadline had already been extended twice.

Over the weekend Congress finalized a spending package that funds government operations through Sept. 2012.

According to the Washington Post, "Buried within the omnibus spending package that funds government operations through September is language giving USPS until August to prefund the future retirements of hundreds of thousands of workers, as required by law."