• Terrence Aym
The failing U.S. economy has caught up with the United States Postal Service (USPS). After closing 491 locations during 2010, the struggling independent agency of the federal government has announced it will close up to an additional 2,000 branches across America beginning in March 2011. The national mail service, established by Benjamin Franklin in Philadelphia during 1775, became a formal department in 1792 as part of the president's executive cabinet. In 1971 the Postal Service was transformed into its current incarnation under Congress's Postal Reorganization Act. The USPS is also pressuring Congress to permit the closing of an additional 16,000 branches-approximately half of its 32,000 brick and mortar locations. Those locations have been identified by USPS management as the country's worst performing in the postal system.
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