via cnn.com
Despite significant cost-cutting, the U.S. Postal Service has "an inflexible business model" that will make it unable to pay huge bills without legislative fixes, the postmaster general testified Wednesday.
The agency cut $3 billion in costs last year and will see about $2 billion in savings this year, but it still won't have the revenue to meet its obligations, Patrick R. Donahoe told the House postal oversight committee.
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