WASHINGTON — The Postal Service was $3.5 billion in the red for the third quarter and may not be able to make a required payment for future retiree health benefits, the agency said Thursday.Losses for the April through June quarter were $1.1 billion more than the post office lost in the same period a year ago.
The post office has been rocked by declining mail volume as people and businesses continue switching to the Internet in place of letters and paper bills.
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