The U.S. Postal Service will begin the process of closing as many as 2,000 postal offices in March and will review 16,000 more — half of all existing post offices — that are losing money, according to the The Wall Street Journal.
The U.S. Postal Service plays two roles in America: an agency that keeps rural areas linked to the rest of the nation, and one that loses a lot of money.
Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program that is already eliciting yelps of pain around the country. Beginning in March, the agency will start the process of closing as many as 2,000 post offices, on top of the 491 it said it would close starting at the end of last year. In addition, it is reviewing another 16,000—half of the nation’s existing post offices—that are operating at a deficit, and lobbying Congress to allow it to change the law so it can close the most unprofitable among them. The law currently allows the postal service to close post offices only for maintenance problems, lease expirations or other reasons that don’t include profitability
The U.S. Postal service is an independent agency funded primarily by postage fees, but is required by law to provide universal service to all parts of the country.