Postal service in red - WAOW - Newsline 9, Wausau News, Weather, Sports

Postal service in red

(CNN)--The U-S Postal Service is deep in the red. The agency says it lost more than five billion dollars in the last fiscal year.

  That number is less than the more than ten billion dollars predicted, because a payment the postal service owes the government for retiree health benefits has been postponed.

Postmaster General Patrick Donahoe is asking Congress to step in and help reduce costs. More people are using the internet, driving down mail volume.

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