Monday, May 18, 2009
Post Office potential cut
Facing a growing deficit, declining mail volume and cash-flow problems, the U.S. Postal Service may drop one day of delivery, postal officials told Congress today.
Last year saw the largest drop in mail volume — 202 billion pieces, more than 9 billion fewer than 2007.
"If current trends continue, we could experience a net loss of $6 billion or more this fiscal year," Postmaster General John E. Potter said in testimony for a Senate Homeland Security and Governmental Affairs subcommittee.
He said "we would do this by suspending delivery on the lightest volume days." That could be Saturdays or possibly Tuesdays.
The USPS is asking lawmakers to drop the six-day schedule, which Congress mandated in 1983.