The USPS is under siege from other package carriers and the internet.  To improve it's bottom line it wants to move slower.

You would think the USPS would be trying to improve service instead of degrading it.  But that is exactly what they plan in a filing made Monday.

The USPS seeks to end next-day delivery of letters, postcards and other First Class mail.  It is also seeking approval to close more than half of its 461 processing facilities.  The agency expects to eliminate 28,000 jobs as part of the cutbacks.

The USPS is attempting to find $20 billion in annual savings by 2015.  The current plan would see savings in the $3 billion range.

Delivery times for most other more expensive pieces of mail like Priority Mail and Express Mail won't change.  The proposed service changes won't go into effect before April 2012.

For more see this source article.