Obama Throws the USPS a Lifeline

WASHINGTON, DC—In an effort to cut costs and help offset dwindling mail volume, the United States Postal Service (USPS) could close as many as 2,000 facilities in addition to the nearly 500 previously targeted for closure, according to the Wall Street Journal (WSJ). While the news organization termed the facilities as "post offices," a majority of the locations ticketed for closure are actually stations and branches, typically smaller places without retail capabilities.