Tags: us postal service | mail delivery | federal budget | cuts

Mail Delivery Could Go to Three Days a Week

Thursday, 21 Jul 2011 07:43 AM

The financial woes of the U.S. Postal service could prompt mail delivery to tfo to three times a week and end Saturday mail delivery altogether within 15 years, Postmaster General Patrick Donahoe said.

USA Today reports that Donahoe's forecast is based on a projected $8.3 billion loss this year as the drift from paper to electronic communication hammers the Postal Service. The worst of the Service's debt is the a $5.5 billion payment due Sept. 30 to cover future retirees' health benefits.

The Postal Service has had six-day a week mail since the 19th century. Donahoe wasn't sure how soon delivery reductions would happen but asmits Congress -- in a budget-cutting mode -- is more open to trimming.

The Postal Service estimates the move would save $3.1 billion a year.

Donahoe said the idea has "a much better chance today than a year ago. I don't know if I'd say 'likely' yet."

© 2015 Newsmax. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved