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Post Office to End Saturday Delivery Starting August 1
Ms Sans Serif
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[quote:TDJ:MV8yMTMwNDgyXzM1OTY1OTIzX0EyOUE5OTYy] Ohhhh Noooooo, you mean I will only get bills FIVE days a week? Bummer I really don't see a need for daily mail anymore. All I ever get is bills and junk like credit card offers and coupons that I throw away anyway. If I want to contact someone there are much better ways to do it than sending something through the mail. I'm surprised they aren't still using horses. The technology is outdated and not needed. If I order something online usually the postal service is the slowest and most expensive. My mail carrier is a super nice guy and I don't want to see any of them lose a job but it appears to be in the cards. [/quote]
The U.S. Postal Service plans to stop delivering letters and other first-class mail on Saturdays beginning Aug. 1, although packages will continue to be delivered.
It will mark the an end of an era for the agency, which started Saturday delivery in 1863.
The Postal Service has been borrowing billions of dollars from taxpayers to make up for shortfalls caused by a 2006 congressional mandate, under which it has to pre-fund healthcare benefits for future retirees. Technological advances have also led to a decline in first-class mail, which most consumers use to stay in touch and pay bills.
The situation turned particularly dire last year -- the agency twice defaulted on payments totaling $11 billion, and it exhausted a $15 billion line of credit from the U.S. Treasury.
link to money.cnn.com
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