Ben Margot/AP file photo
Postal Service plans to end Saturday delivery this summer
Move will save the agency $2 billion annually, according to a report.
The U.S. Postal Service plans to end Saturday mail delivery this summer, according to multiple news outlets.
The change would take effect on Aug. 1, The Washington Post reported. The agency would continue to deliver packages on Saturdays, and post offices would be open, though some may have reduced hours.
USPS officials have argued the elimination of Saturday delivery will help steer the cash-strapped agency out of its financial predicament, but lawmakers have been resistant to the change. The agency plans to move forward without explicit congressional approval, the Post reported.
Eliminating Saturday delivery would save the Postal Service $2 billion annually, the paper said. USPS reported nearly $16 billion in losses for fiscal 2012, its sixth consecutive year in the red.
USPS is making its announcement Wednesday morning. We will update this story after the news conference.