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.
What's happening?
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.
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