"... cut Saturday mail delivery, raise postage rates and potentially close or consolidate thousands of post offices. The proposal also calls for cutting tens of thousands of jobs through attrition and layoffs...." 
Source: www.washingtonpost.com
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"... To remove its financial condition from the High-Risk List the Postal Service needs to undertake a number of major structural changes, Dodaro said. In the short term, a key challenge is to cut expenses quickly enough to offset mail volume and revenue declines to avoid running out of cash to pay its expenses. In the long term, USPS should consider consolidating operations, closing unneeded facilities, and reducing its workforce to reflect new trends in mail use...."
Source: www.gao.gov
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