Feb 8, 2013 — While a big number, it's way down from the $3.1 billion loss posted during that period last year. The Postal Service said it's already cut its operating costs, but it needs Congressional help to put it back on sound financial footing.
Feb 6, 2013 — The decision has been long anticipated. The Postal Service continues to lose billions of dollars a year and is looking for ways to cut costs. Eliminating Saturday delivery of first-class mail (but not packages) might save it about $2 billion annually.