Postal Service Will Delay Mass Closures

The outlook is grim for the U.S. Postal Service, with plans to close thousands of post offices and cutting processing centers, but the inevitable is being postponed for now.

The Washington Post reports that USPS is delaying the bloodletting until at least May 15. Lawmakers, looking to save face by preventing job losses and poor service in the areas they represent, spurred the delay by requesting more time to overhaul the organization.

The USPS is hemorrhaging money and looking to slash $20 billion in costs within the next three years and change.

Postal Service to delay closures [The Washington Post]

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.