Post Office will cut Saturday deliveries to save $2 billion
After losing $16 billion last year, the Postmaster General will announce on Wednesday the end of Saturday delivery for first class mail.
The final Saturday delivery will happen in August. The end of Saturday delivery will save $2 billion a year, the postal service said.
Packages will still be delivered.
Under the new plan, mail would be delivered to homes and businesses only from Monday through Friday, but would still be delivered to post office boxes on Saturdays. Post offices now open on Saturdays would remain open on Saturdays.
The Postal Service has already slashed hours and cut its workforce by 35 percent.