Register | Forgot Your Password? | Close

(AP) - CANCELED: The financially struggling U.S. Postal Service will stop delivering mail on Saturdays but continue to disburse packages six days a week. The Saturday mail cutback is to begin in August and should save about $2 billion annually.

POSTAGE DUE: The agency in November reported an annual loss of a record $15.9 billion for the last budget year and forecast more red ink in 2013.

FIRST-CLASS WOE: The agency's biggest problem- and the majority of the red ink in 2012- was due to mounting mandatory costs for future retiree health benefits, accounting for $11.1 billion in losses.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus