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Mail Delivery May Stop in 2012 Unless Congress Frees Up Cash

The U.S. Postal Service said it may not have the cash to carry the mail beyond next August if Congress doesn’t let it take steps like ending Saturday delivery and withdrawing from a government health-care plan.

“I’m operating right now with a week’s worth of cash in a business that’s a $65 billion business,” Postmaster General Patrick Donahoe said yesterday at a Senate committee hearing. The Washington-based service needs about $1 billion in cash a week, said David Partenheimer, a spokesman.