Postal officials said they are unable to make this month’s $5.5 billion payment to cover future employee health care costs because the Postal Service has reached its borrowing limit and does not have enough cash.
“Our situation is extremely serious,” Donahoe said according to the New York Times. “If Congress doesn’t act, we will default.”
Naval Surface Warfare Center Crane Division is investing in electro-optical technologies for the newly launched Naval Innovative Threat Exploitation and Optical Warfare Laboratory or NITE OWL. The new laboratory is meant to help warfighters address electro-optical threats, Naval Sea Systems Command said Tuesday.