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Postal Service backs down on cutting Saturday mail

U.S. Postal Service - AP

The U.S. Postal Service says it will delay plans to cut Saturday mail delivery because Congress isn't allowing the change. The Postal Service said in February that it planned to cut back in August to five-day-a-week deliveries for everything except packages, as a way to hold down losses.

 

Congress set to force Postal Service to keep Saturday delivery

Saturday Delivery

The financially beleaguered Postal Service suffered a setback in its plan to end Saturday delivery of first-class mail as Congress on Thursday passed legislation requiring six-day delivery.

 

U.S. Postal Service loses $5.2 billion, warns of low cash

U.S. Postal Service

The U.S. Postal Service's net loss widened to $5.2 billion during the April through June period, and the cash-strapped agency warned on Thursday that without help from the U.S. Congress it will face low cash and be unable to borrow money this fall.

 

Looming Postal Service default shakes mailers' confidence

The Postal Service is set this week to default on a giant payment, the latest blow illustrating Congress' slow progress toward fixing the agency's deep financial woes and one that could damage some customers' confidence.

 

Postal Service reform not expected before August, likely killing ambitious overhaul this year

Postal Service

The lack of a decision so far by House Republican to hold a vote on overhauling postal operations means lawmakers are once again likely to pass a short-term stop-gap measure to shore up postal finances, but not address longer-term structural and financial concerns, congressional aides and industry observers said Thursday.

Senh: That's because they're too busy appealing the health care law for one millionth time.

 

Senate nears passage of bill reforming U.S. Postal Service

U.S. Postal Service

The Senate is set to resume consideration Wednesday of a bill overhauling the U.S. Postal Service after agreeing to change the bill to set limits on when and how the agency could close small rural post offices.

 

Senate turns attention to the Postal Service

The Senate embarks this week on one of the most politically treacherous issues it will face this year: What to do about the future of the U.S. Postal Service.

 

Postal Service delays closings

U.S. Postal Service

The U.S. Postal Service has agreed to hold off on closing any more post offices or mail facilities until May 15, 2012, to allow Congress time to work on a plan to save the service.

 

USPS posts $3.1 billion loss in Q3, warns of default

USPS posts $3.1 billion loss in Q3, warns of default

The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.

 

Postal service could run out of money in ’09

Postal service could run out of money in ’09

Postmaster General John Potter said Wednesday the financially strapped U.S. Postal Service will run out of money this year without help from Congress.

 

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