Recession Now Hurting United States Postal Service!

www.ultimatewealthfromhome.com Julianne Rowat The recession is just not slowing down, now its effecting the United States postal service. The agency is facing nearly $7 billion potential loss this fiscal year despite a 2 percent increase in the price of stamps in May, and cuts in staff.

The biggest volume of people and businesses are using e-mail both for personal contact and bill paying, everything is done over the internet. The United States postal service is talking about cutting down to 5 days a week for delivery. The volume of mail has already fallen by about 175 billion pieces, that use to be delivered.

The House and Senate are offering short term help, but unless the United States postal service cuts down on delivery days, employees pay, health benefits and shutting down some of the facilities, they will not survive the recession. Like every one else they will not be able to pay their bills. Some postal services could run out of cash as early as September.

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Category:

News & Politics

Tags:

• Web 2.0
• the senate
• recession