WASHINGTON - Saturday mail delivery would be ended in a year and the Postal Service could start shipping alcoholic beverages under a plan offered Friday by two key senators seeking to turn around the struggling agency's finances.
Senate Homeland Security and Governmental Affairs Committee Chairman Tom Carper of Delaware and the panel's ranking Republican, Tom Coburn of Oklahoma, said they hope Congress can act quickly to help the agency.
The Postal Service lost $16 billion last year, $11 billion of it in payments to its health fund for future retirees.
The Senate plan includes changes in how pensions and retiree health care costs are calculated in an attempt to stabilize the agency's finances. It also would impose a two-year moratorium on closing mail processing plants.
Door-to-door service for new residential and business addresses would cease as the Postal Service seeks to shift to less costly curbside and cluster box delivery. The measure would require the Postal Service to try to convert residential addresses on a voluntary basis from door-to-door delivery to curbside and cluster box delivery.