Report: Postal Service to Halt Saturday Delivery by August

8:22 AM, Feb 6, 2013   |    comments
US Postal Service letter carrier Juan Padilla arranges mail in his truck while on his delivery route on December 5, 2011 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
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CBS News reports that the U.S. Postal Service will propose halting Saturday delivery of first-class mail by August 1 to help reduce its financial losses.

According to the report, Postal Service lawyers have found a way around the requirement that any reduction in service needs approval by Congress.

The Postal Service lost $16 billion last year and $41 billion over the last six years, CBS News reported. The Postal Service has steadily lost business to e-mail, private shippers including FedEx and UPS, and online banking.

Packages, mail-order medicines and Priority and Express Mail would still be delivered on Saturday.

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