Good Lord: Even The Post Office Is Broke

Talk about a sign of the times. The Post Office is in such dire financial straits that the postmaster general is considering only delivering mail fiv

Talk about a sign of the times. The Post Office is in such dire financial straits that the postmaster general is considering only delivering mail five days a week.

Business Week:

Massive deficits could force the post office to cut out one day of mail delivery, the postmaster general told Congress on Wednesday, in asking lawmakers to lift the requirement that the agency deliver mail six days a week.

If the change happens, that doesn't necessarily mean an end to Saturday mail delivery. Previous post office studies have looked at the possibility of skipping some other day when mail flow is light, such as Tuesday.

Faced with dwindling mail volume and rising costs, the post office was $2.8 billion in the red last year. "If current trends continue, we could experience a net loss of $6 billion or more this fiscal year," Postmaster General John E. Potter said in testimony for a Senate Homeland Security and Governmental Affairs subcommittee.

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