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The National Association of Letter Carriers is investigating the possibility of establishing a postal banking system, a time-tested, internationally proven way to maintain profitability that could save the post office.

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The money-losing USPS is offering buyouts to 45,000 mail handlers as it moves to slash its payroll and cut the number of processing centers around the country by nearly half.

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Facing a shortfall of a few billion dollars, the U.S. Postal Service is planning to drop 220,000 full-time jobs and close 3,700 post offices and 300 processing centers by 2015, while scaling back services and cutting retirement benefits. And that's after laying off 110,000 employees since 2007. (more)

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The United States Postal Service can't pay its bills, and management is asking Congress for money and concessions, including eliminating 220,000 jobs. This, despite agreeing in May not to lay off workers. (more)

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