The surcharge "will last just long enough to recover the loss," Commission Chairman Ruth Y. Goldway said.
Mailing a letter is about to get a little more expensive. Regulators on Tuesday approved a temporary price hike of 3 cents for a first-class stamp, bringing the charge to 49 cents a letter in an effort to help the Postal Service recover from severe mail decreases brought on by the 2008 economic downturn. Many […]
The Postal Service has trimmed its losses to $740 million over the last three months by consolidating processing facilities, cutting hours for workers and post offices and reducing workers’ compensation costs, the agency said Friday. Still, year-to-date, the Postal Service had losses totaling $3.9 billion, and the agency said that without help from Congress its […]
The federal government is going after Lance Armstrong’s money. As much as it can get. The Justice Department unveiled its formal complaint against Armstrong on Tuesday, saying the cyclist violated his contract with the U.S. Postal Service and was “unjustly enriched” while cheating to win the Tour de France. The government had previously announced it […]
Congress foiled the financially beleaguered U.S. Postal Service‘s plan to end Saturday delivery of first-class mail when it passed legislation on Thursday requiring six-day delivery. The Postal Service, which lost $16 billion last year, said last month it wanted to switch to five-day mail service to save $2 billion annually. Congress traditionally has included a […]
Television commercials may be king, but millions of dollars a week are fueling mail ads that are burying swing-state voters in appeals from the presidential candidates, political parties and their allied groups. Gun owners are told Democratic President Barack Obama is a threat and Republican rival Mitt Romney is “the clear choice.” Bilingual ads going […]