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The financially struggling United Postal Service is cutting mail deliveries on Saturdays in its latest effort to cut costs.
USPS will stop delivering mail on Saturdays beginning on Aug. 1, reports The Washington Post. The agency is expected to make an official statement later today.
It will still deliver packages on Saturdays to continue the profitable package delivery services, which is one of the agency’s few bright spots. USPS has lost billions of dollars because of the rise of email and other electronic communication. It expects to save $2 billion a year by cutting mail service on Saturdays.
“The Postal Service plans to issue a revised comprehensive five-year financial plan in early March,” USPS spokesman George Maffett told Politico. “This plan will identify important cost reduction activities and steps to restore the Postal Service to long-term financial stability. On Wednesday, we plan to discuss some of these additional cost reductions.”
Lawmakers have argued that any change needs to be approved by Congress, but USPS has said otherwise, making today’s decision without any Congressional approval. It believes that most Americans will be happy with the change. According to The AP, its research shows that 7 in 10 Americans would approve switching to five-day mail delivery.