06/13/2010 05:12 am ET | Updated May 25, 2011

GAO Says Postal Service Should Shutter Offices and Saturday Delivery

Getting mail on Saturday and the convenience of your local post office may soon be a thing of the past.

The U.S. Postal Service is dealing with a $297 million loss in the first quarter of its fiscal year and needs to make deep cuts in jobs, wages and outsource operations, the Government Accountability Office reported in the Washington Post. The government report agreed with prior USPS statements that the agency should close post offices and kill Saturday delivery to save money.

WalletPop's writer, Barbara Hernandez provides more findings about the proposed cuts and the possible effects on you. Concerned about receiving your mail on Saturdays? Visit for the full article.