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The Boston Globe

Business

Postmaster says USPS may need emergency rate hike

WASHINGTON — Postmaster General Patrick Donahoe said Thursday that his agency is in ‘‘the midst of a financial disaster’’ and may need an emergency increase in postage rates to keep operating.

‘‘The Postal Service as it exists today is financially unsustainable,’’ he told the Senate Homeland Security and Governmental Affairs Committee. It’s a message he has been delivering over the past several months.

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