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Post office: $18B loss without cuts, rate increase

February 17, 2012
By HOPE YEN, Associated Press and Enterprise staff , Adirondack Daily Enterprise

WASHINGTON - 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.



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