Without help from Congress, the Postal Service will not only default on payments for retiree health care benefits, but it could lack cash for operations by mid-October.
Mail processing plants are shrinking, thousands of postal workers are moving and thousands more are retiring. And there's the possibility of a default on a payment due to the federal government in two weeks.
The U.S. Postal Service began consolidating and closing parts of some 48 mail processing plants in August.
The U.S. Postal Service defaulted on a $5.5 billion payment to the U.S. Treasury for future retiree health-care payments.
The new Ford Mustang has been upgraded and updated to compete globally - but never fear, it's still a monster.
Some CEOs and founders agree to salaries of just $1 a year. But once goodies like bonuses and stock options are added in, some of those executives end up taking home ...
Turn heads as you blow by traffic in this roadster convertible from Mercedes.
CNNMoney looks at the five states with the biggest differences in middle class incomes.
These valuable classic muscle cars were seized as part of a money laundering plea deal.
This bare-bones Italian supercar drops pretty much everything not needed for driving fast.
America's workplace got safer last year. But these workers were still at a much higher risk of fatal injuries, according to the Bureau of Labor Statistics.
These designers are changing the way we dress, accessorize and shop, from custom made-to-fit dresses to smart jewelry that's actually stylish.
Graduates with bachelor's degrees from these U.S. colleges earn some of the highest salaries in the country, according to a report from PayScale.