U.s. Postal Service, Mail | featured news

The U.S. Postal Service could save billions of dollars by ending Saturday mail deliveries, according to the Government Accountability Office. Postal officials — eager to stave off an estimated $7 billion in losses this year — think they can save about $3 billion annually by stopping weekend mail deliveries while still keeping post offices open on Saturdays.

The cash-strapped U.S. Postal Service delivered more bad news Friday, announcing it lost $8.5 billion in the fiscal year that ended in September. Without congressional action to change its obligations, officials said, the Postal Service likely will go broke at the end of fiscal 2011.

The Postal Service is ready to deliver lifesaving drugs to a quarter of the residents of Minneapolis-St. Paul after a bioterror attack.

The U.S. Postal Service would cut Saturday mail delivery starting in the first half of 2011 under a plan the agency will give its regulator tomorrow.

The U.S. Postal Service will move this month toward reducing mail delivery from six days a week to five, a change Postmaster ...

On this sultry weekend in the middle of August, take a look at what's on your kitchen counter. The Postal Service says it will lose approximately $7 billion this fiscal year. Americans have mailed 20 billion fewer items this year than they did last year. Over the past 20 years, some 200,000 mail-collection boxes have been removed from U.S. streets because not enough people were dropping their letters into them. The Government Accountability Office has officially declared the Postal Service to be a high-risk agency.