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Postal Service's next deadline: Aug. 1
The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law.
Vacation? No thanks, boss
Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don't seem to mind.
Greece downgraded deeper into junk
The credit rating on Greece's government debt was downgraded deeper into junk bond territory on Thursday.
Postal plants to shrink, 28,000 jobs at stake
The U.S. Postal Service announced on Thursday it's moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two years, with consolidations starting in July.
JPMorgan's Dimon to testify in Senate
JPMorgan head Jamie Dimon will appear before a Senate committee to testify about the bank's recent $2 billion trading loss, which has spurred renewed debate about financial reform since being revealed last week.
Moody's downgrades Spanish regions
Spain got yet another slap in the face Thursday, when Moody's Investors Service downgraded four regions of the country due to their poor fiscal performance.