Because none of you are using the U.S. Postal Service — unless you are deliberately mailing a check you hope gets lost or delayed — that means it’s time for the struggling USPS to raise rates on first-class stamps… by one penny. [More]
usps crisis
Postal Service May Default Without Congressional Intervention
By 9.5.11
Predictions of coming doom have been coming from the United States Post Office for months, with the service expected to suffer a $9.2 billion deficit this fiscal year and unable to make a $5.5 billion payment to cover employee health coverage due at the end of the month. Now the postmaster general has raised the stakes of the organization’s financial crisis by declaring that it will default if Congress doesn’t intervene. [More]
