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.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Italian Newspaper: 173rd Airborne Brigade Heading to Ukraine to Train Forces

Saturday, 31 Jan 2015 12:32 PM

American soldiers from the 173rd Airborne Brigade at Camp Ederle in Vicenza, Italy, are expected to be leaving the base  . . .

Romney's Exit Unleashes Race for Donors Among 2016 Hopefuls

Saturday, 31 Jan 2015 11:46 AM

Mitt Romney's exit from the presidential campaign has unleashed a frenzy of fresh fundraising and set off a new race for . . .

Rep. Lynn Jenkins: Obama Must Protect College Savings Accounts

Saturday, 31 Jan 2015 10:41 AM

Rep. Lynn Jenkins, in Saturday's GOP address, called on the president to protect college savings accounts, not go throug . . .

Most Commented

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