Here’s How the USPS Plans To Deal With Their Projected $160 Billion Loss

The United States Postal Service projects that it will have a $160 billion loss over the coming decade, so it needs to boost revenue and cut costs.

Postmaster General Louis DeJoy thinks he has the answer: offer slower service.

That’s right, DeJoy’s blueprint for making the USPS solvent includes cutting costs by slowing mail delivery for millions of Americans coupled with hoped-for increased revenues from postage rate hikes, CBS News reported.

However, critics have been quick to point out that this will likely discourage people from using the Post Office. . .

Starting Friday, DeJoy said, the postal service will officially begin slowing down mail delivery. According to CBS News, the USPS’ three-day delivery for first-class mail, which includes letters, bills, and tax documents, will drop to five days. That means customers can expect their bills, letters, and other mail to take up to a business week to get delivered. The agency did say, though that it was keeping its two-day delivery for first-class mail traveling within a local area. (Read more from “Here’s How the USPS Plans To Deal With Their Projected $160 Billion Loss” HERE)

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