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Post office reports record loss of $15.9B for year

FILE - This Sept. 6, 2011 file photo shows Postmaster General Patrick Donahoe testifying on Capitol Hill in Washington. The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion, capping a tumultuous year in which it was forced to default for the first time on billions in payments to avert bankruptcy. (AP Photo/J. Scott Applewhite, File) Photo by