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Postal Service posts $2 billion loss

Revenue up, but retiree fund debt drags down quarter

Posted: August 12, 2014 at 4:04 a.m.

Postmaster General Patrick Donahoe gestures as he speaks during the Senate Homeland Security and Governmental Affairs Committee hearing on Capitol Hill, Thursday, Sept. 19, 2013, in Washington. According to Donahoe, the Postal Service may need an emergency rate increase to stay afloat. (AP Photo/Carolyn Kaster)

WASHINGTON -- Despite an increase in revenue for nearly all of the U.S. Postal Service's products, the agency continues to be mired in debt because of a congressional requirement to pay about $5 billion into a future retiree health care fund, post office officials said Monday.

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