Tags: Postal Rates

Cash-Strapped US Postal Service Considers Emergency Rate Hike

Wednesday, 25 Sep 2013 10:43 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

The financially struggling Postal Service is concluding a two-day meeting to consider whether to ask for an emergency increase in postal rates.

Postmaster General Patrick Donahoe has said the agency expects to lose $6 billion this year and that a special rate hike may be needed. It currently costs 46 cents to mail a letter.

Under federal law, the post office cannot raise prices more than inflation unless it cites exceptional circumstances and gets approval from the independent Postal Regulatory Commission.

Media and marketing businesses warn that a big increase in postal rates could hurt their business and drive down postal volume and revenues.

The Postal Service has said it is running out of cash. Congress is considering cost-saving measures that include ending most Saturday and door-to-door deliveries.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Singer Joe Cocker Dies at 70

Monday, 22 Dec 2014 13:45 PM

Joe Cocker, the British singer who had numerous hits in the 1970s and '80s including a barrel-throated rendition of Wit . . .

US Indian Tribes Tread Carefully Into Marijuana Debate

Monday, 22 Dec 2014 15:12 PM

When the federal government announced this month that it would allow American Indian tribes to grow and sell marijuana,  . . .

Family Has Taken Santa Photo Every Year Since 1955

Monday, 22 Dec 2014 14:58 PM

For 60 years, the Wilson family of Seattle has followed the unique Christmas tradition of posing on Santa's lap for a ph . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved