Postal Commission Denies USPS Exigent Rate Increase Request
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The Postal Service has asked the Commission to find that volume declines resulting from the recent recession are an extraordinary or exceptional circumstance. The Postal Service also supported its request with a statement from its Chief Financial Officer that it is facing a cash flow crisis, and that without some assistance it will be unable to make Congressionally-required payments in September and October of 2011.
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