Faced with massive budget deficits, Postmaster General John Potter wants to end Saturday mail delivery and raise stamp prices. But an influential consulting firm, McKinsey & Co., says more drastic steps are needed — namely, cutting delivery to as few as three days a week. McKinsey's number crunchers say without deep cuts there's no way to close a budget deficit expected to reach $238 billion over the next 10 years, as mail volume plummets. But postal workers say cutting delivery to every other day would "result in the demise of the Postal Service." Who's right? (Watch a CBS report about possible cuts to mail delivery)
The post office has to adapt to survive: The Internet and e-mail are driving the Postal Service out of business, says Rick Newman in U.S. News & World Report, so it has to change with the times, or die. Post offices can keep offering pricier express service for the important stuff, but 60 percent of mail is ads and fliers -- it "can wait a day -- or three."
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