US Postal Service to cut 10,000 jobs nationwide

The U.S. Postal Service plans to cut 10,000 jobs and reduce its budget by billions. This decision comes as the agency faces ongoing financial struggles. Postmaster General Louis DeJoy announced the cuts in a letter to Congress, stating that the Department of Government Efficiency will help address major issues. The plan also involves the General Services Administration to find additional efficiencies. The letter highlights problems with retirement asset management and regulatory constraints affecting USPS operations.