The financially-troubled U.S. Postal Service plans to stop Saturday mail delivery this summer.  In a news conference yesterday, Postmaster General Patrick Donahoe said the cutback of Saturday first-class mail deliveries will begin in August.  He called it absolutely necessary and said it "makes common sense."  Packages will still be delivered, Monday-thru-Saturday.  

Donahoe noted that the cash-strapped Postal Service is losing nearly 16-billion dollars a year.  The new plan is expected to save about two-billion dollars per year.  Donahoe said the Postal Service must adapt to changes and create a more flexible business model as customers increasingly pay bills on-line.  The taxpayer-subsidized U.S. Postal Service is more than 235 years old.  A Senate hearing is scheduled next week to analyze USPS financial problems and operational makeovers.   

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