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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - Thurgood Marshall Jr.
"We have simply reached the point that we must conserve cash," Thurgood Marshall Jr., chairman of the Postal Service's board of governors, said in explaining the payment defaults.
"The bottom line is that the Senate bill does not provide the Postal Service with the flexibility and speed that it needs to have a sustainable business model," said Thurgood Marshall Jr., chairman of the postal board of governors. "Our financial condition has been deteriorating for several years, and we have been operating with a very low cash balance."