Sources say the USPS is considering major restructuring options as it faces a possible default...

|By:, SA News Editor

Sources say the USPS is considering major restructuring options as it faces a possible default on paying for its heath benefits and might not have enough cash to keep delivering mail in 2012. With labor and retirements costs devouring 80% of its budget, a proposed plan to close 3.7K post offices and slash 220K jobs by 2015 doesn't go far enough to bring the agency to profitability.