President Obama recently announced his support to end the U.S. Postal Service’s Saturday delivery to help reduce its substantial losses.

According to the Associated Press, in 2010, the Postal service lost $8.5 billion-a trend that has continued this year.

While over 100,000 workers have already been cut, the agency says they need to cut more and close offices to continue operating.

On Sept. 20, Obama unveiled a new strategy for the Postal Service under his economic growth and debt reduction plan. The move called for the agency to drop one day of mail delivery-which is expected to be Saturday-and to make other changes in operations.

The measure would allow the Postal Service to use $7 billion from an underfunded pension account to circumvent financial collapse. It would also postpone an imminent $5.5 million payment to a health care retiree fund. Additionally, the agency would be able to increase postage rates and sell non-postal products.

The White House’s budget office estimated that overall, the plan would free up nearly $20 billion for the next few years.

“I have been saying for some time now that Congress and the administration need to come together on a plan that can save the Postal Service and protect more than seven million jobs that rely on it,” Sen. Tom Carper, D-Del. said in a statement, according to the AP.

But according to CNN, Republicans denounced the plan.

“The President’s proposal is not what taxpayers or the Postal Service needs,” Rep. Darrell Issa (R-Calif.) told CNN. “Rather than backing an effort to seek fundamental reform, the accounting gimmicks used in the plan are a thinly veiled attempt to offset continued operating losses with a taxpayer-funded bailout.”