1. Budget Cuts

    Postal Service to Slow Delivery

    U.S. Postal Service city letter carrier Roy Sipe delivers mail to homes in Fairfax, Virginia, U.S., on Wednesday, Nov. 30, 2011. The USPS, which forecasts a record $14.1 billion loss for the 2012 fiscal year, said it hired Evercore Partners Inc. to review and advise the agency on restructuring. Photographer: Andrew Harrer/Bloomberg via Getty Images

    Getty Images

    The U.S. Postal Service is planning to eliminate next-day delivery as part of an overhaul to save $3 billion. The USPS will close nearly half of its 500 mail-processing centers next year, meaning mail will have to travel farther from the post office to a processing center. As a result, first-class mail will no longer be delivered the next day, even within a community; it will take two to three days. Delivery of periodicals will take longer, between two and nine days.

    Read it at Associated Press