Post office plan: No more mail on Saturday

By Grayson Thagard

updated 9:17 AM EST, Wed February 06, 2013

NEED TO KNOW

USPS plans to end Saturday delivery on August 1
Post Office lost $16 billion last year

Post office announces end to Saturday delivery

The postman won't even ring ONCE on Saturdays starting in August.

That's according to the Postal Service, which announced Wednesday that it plans to stop Saturday delivery of letters and other first-class mail. Your mail carrier will still bring priority mail and packages on Saturday, though.

The USPS hopes this will help make up some of the billions of dollars it lost last year. The USPS is expected to unveil even more drastic cuts later Wednesday as part of a plan to relieve the financial strain caused by a 2006 Congressional order which mandates that it has to pre-fund healthcare benefits for future retirees.

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