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Click here to visit the new home of Politics Daily!WASHINGTON (Sept. 30) - The independent panel that oversees the U.S. Postal Service has denied the agency's request to increase the cost of mailing a letter by 2 cents -- to 46 cents. The Postal Regulatory Commission announced its decision rejecting the requested price hike at a news conference Thursday. In July, the Postal Service proposed raising first-class postage from 44 cents to 46 cents as part of a strategy for dealing with a worsening financial crisis. The Postal Service lost $3.8 billion last year, and the agency has been seeking other rate increases as well, including higher fees ...
WASHINGTON (July 6) -- The post office wants to increase the price of a stamp by 2 cents to 46 cents starting in January. The agency has been battered by massive losses and declining mail volume and faces a financial crisis. Postal officials announced a wide-ranging series of proposed price increases Tuesday, averaging about 5 percent, and covering first class, advertising mail, periodicals, packages and other services. Justin Sullivan, Getty Images If a proposed rate increase is approved, it would cost you an extra 2 cents to send a letter beginning Jan. 2. The request now goes to the ...
The head of a U.S. Postal Service advisory panel said Thursday the post office should find other ways to trim costs before turning to significant cuts in service such as halting Saturday deliveries. Ruth Y. Goldway, chairwoman of the independent Postal Regulatory Commission, also questioned a plan to put postal kiosks and mini-offices in markets and office supply stores. "Ask the small towns of America if they think government business should be conducted in Wal-Marts," she told the House Committee on Oversight and Government Reform. But Postmaster General John Potter, architect of a ...
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