USPS working through budget problems - KWWL - Eastern Iowa Breaking News, Weather, Closings

USPS working through budget problems

The United States Post Office is attempting to seal up losses by offering early retirement.

In 2008, the Postal Service lost nearly $3 billion. That trend is continuing into 2009.

In May, the price for first class mail will jump to 44 cents.  The agency plans to reduce staff nationwide by 15 percent to offset the budget crunch.

Another 150,000 workers are being offered early retirement.

Powered by Frankly