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Postmaster argues for emergency rate hike

The Postal Service may need an emergency rate increase to stay afloat.

By Andrew Miga | Updated on September 19, 2013

WASHINGTON (AP) — The Postal Service may need an emergency rate increase to stay afloat.

That’s according to Postmaster General Patrick Donahoe (DAHN’-uh-hoo), who’s testifying before a Senate committee. Donahue says the agency’s cash balance next month likely will cover only five days of its average daily expenses.

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