USPS Delays Cuts

The US Postal Service plans to delay massive cuts until next spring.

The USPS says that it has agreed to delay planned cutbacks until mid-May in order to give congress time to enact legislation that would help save the service from bankruptcy.

The news comes after the Postal Service announced that it would close hundreds of service centers and eliminate thousands of jobs.

The agency lost over five billion dollars in the most recent fiscal year, and is projected to lose a record 14 billion dollars next year.

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  • by Ben Location: Kinston on Dec 14, 2011 at 06:03 AM
    I smell a rat. Obama has a hand in this decision in order to keep the unemployment rate from increasing further before the November election. Come spring time the cuts will likely be delayed again until after the election. It's the same tactic he used in delaying the most unpopular parts of the health care bill until after the 2012 elections. Won't work -- more and more people are waking up to this demagogue and his socialistic policies.
  • by Wow on Dec 14, 2011 at 06:03 AM
    This is why you are failing as a business. Your bleeding money and you dont have the guts to save thousands of jobs and shed a few hundred.
  • by Anonymous on Dec 14, 2011 at 04:10 AM
    You actually think Congress will be able to come to an agreement on this.

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