September 5, 2011
The U.S. Postal Service, facing a deficit that will reach $9.2 billion this fiscal year, could be forced to close this winter, officials say.
“Our situation is extremely serious,” Postmaster General Patrick R. Donahoe said in a New York Times article published Monday.
Donahoe has been advocating spending cutbacks recently that would eliminate Saturday mail delivery, close as many as 3,700 postal locations and result in layoffs of 120,000 employees, nearly 20 percent of the Postal Service’s workforce.