The postman only rings twice -- except on Saturday, when he won't ring at all. The U.S. Postal Service announced Wednesday that -- after 150 years of service -- Saturday first-class mail delivery will end as of Aug. 5th.
The reason? An attempt to shave $2 billion off their budget. The USPS lost $16 billion in 2012, and since a 2006 congressional mandate that states the Postal Service has to pre-fund healthcare benefits for future retirees, the agency has had to borrow billions of dollars from taxpayers to bridge the gap. And of course, with more people paying bills online than ever before, buying stamps just isn't as popular as it used to be.
If you're thinking, "But I need my mail!," you're not the only one. So here's how this affects you:
Patrick R. Donahoe, USPS postmaster general and CEO, addressed these points in a press conference Wednesday morning. The USPS has said in the past that they would need Congress to OK the change, so it is unclear at this time how this decision and corresponding announcement has come about. For the moment, though, you can expect to stop hanging around your mailbox on Saturdays waiting for letters come August -- unless someone sends you a singing telegram.