Postmaster General Patrick Donahoe is asking Congress for permission to take drastic steps to save the financially ailing U.S. Postal Service, including breaking union contracts to fire 120,000 employees, loosening a requirement to pay now for future retirement costs, and ending Saturday delivery, the Bloomberg news organization is reporting.
The agency may lose $ 10 billion in the fiscal year ending Sept. 30 and could face default some time next year, Donahoe said in a statement he planned to
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