No more Saturday mail delivery, USPS says

By WEEK Producer

No more Saturday mail delivery, USPS says

February 6, 2013 Updated Feb 6, 2013 at 10:50 AM CDT

WASHINGTON, D.C. -- The United States Postal Service says it will halt Saturday delivery of first class mail.

The announcement came Wednesday morning, after months of debating how to conquer the USPS' financial crisis.

Things like bills, cards, catalogs, and letters will not be delivered but packages and express mail will continue to be circulated on Saturdays.

Post offices that have Saturday hours will continue to remain open on that day.

According to NBC News, the agency reported an annual loss of a record $15.9 billion for the fiscal year that ended Sept. 30, 2012.  

On January 27, the USPS raised prices on the forever stamp to 46 cents to help raise revenues.

The USPS is an independent agency of the government. It does not get tax money to fund its day-to-day operations, but it is subject to congressional control.

For more, read the NBC News article here.