CNN: President Obama on Monday unveiled a plan to save the U.S. Postal Service and its employees from insolvency -- a plan that includes the possible end of Saturday mail service. The White House plan, which is part of a larger proposal to cut $3 trillion from deficits over the next decade, would first allow the U.S. Postal Service to use $7 billion from an overfunded pension account to avoid financial collapse. It would also allow the U.S. Postal Service to bypass its regulatory commission to give it the option to slash Saturday mail service and raise stamp prices 2 cents to 46 cents for a first-class letter. Read more!
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