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Post office: $18B loss without cuts, rate increase
Mired in red ink, the U.S. Postal Service is warning it will lose as much as $18.2 billion a year by 2015 unless Congress grants it new leeway to eliminate Saturday delivery, slow first-class mail by one day and raise the price of a postage stamp by as much as 5 cents.In a letter to Congress, Postmaster General Patrick Donahoe described an updated five-year cost-cutting plan put together in coordination
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