By Elvina Nawaguna WASHINGTON (Reuters) - The U.S. Postal Service reported on Friday that it managed to slow the hemorrhaging of cash in its latest fiscal year, but said a legislative fix is still needed to put it on a sound financial footing. The U.S. Postal Service (USPS) said it benefited from growth in its shipping and packages business as well as aggressive cost-cutting that included a drastic reduction in employee hours. But the agency is still struggling under the weight of heavy mandatory payments into its future retirees' health fund, which was mandated by Congress in 2006, as well as the continued slide in first-class mail, its most profitable product. The U.S. Postal Service has sought legislation that would relieve the pressure of the retiree payments, shift to a five-day mail delivery service, close some rural post offices and allow it to modernize its business service offerings.
By David Ingram WASHINGTON (Reuters) - A 25-year-old U.S. ban on any firearms that can escape discovery by a metal detector is scheduled to expire next month, just as law enforcement officials say they are closely watching the proliferation of plastic guns made with 3D printers. Attorney General Eric Holder said on Friday that if the 1988 Undetectable Firearms Act is allowed to end, plastic guns made with the fast-evolving 3D printing technology could be smuggled more easily. "This is a very worrisome threat to law enforcement and to people who fly every day. We can't have guns legally in circulation that are not detectable by metal detectors," Holder said in a statement.