FAQ: What you need to know about the new postal service cuts

That's one more nail in the mailbox.

The cash-strapped agency Monday officially announced details of its $3 billion round of service cuts, which will include ending next-day delivery and increasing delivery estimates for First Class mail.

The USPS also will seek approval to shutter nearly half of its 461 processing facilities, eliminating some 28,000 jobs.

Here's what you need to know about the cuts, and how they affect you.

(with Reuters)