More Postal Drama

From Yahoo:
"50-Cent Stamp, Other Postal Changes Coming"

The United States Postal Service may raise the price of first class postage to 50 cents. The U.S. Post Office, facing financial losses of up to $18.2 billion a year by 2015, wants to charge more for postage, more for services, and to suspend Saturday delivery. The 50-cent stamp would represent an 11 percent increase in postal rates. USPS delivers 40 percent of the world's mail. Its revenues exceed $65 billion a year. The service said last week that it lost $3.3 billion last quarter, and that it is forecasting a loss of $14.1 billion for the year ending Sept. 30. Such losses, said the Postal Service in a letter sent last week to Congress, would be "unsustainable" and would cause USPS to become "a burden" to the U.S. taxpayer. The letter called that outcome "highly undesirable." Suspending Saturday delivery would save $2.7 billion a year, the Postal Service says. Raising the cost of first-class postage to 50 cents would increase annual revenues by $1 billion. The last postal increase occurred late last month, when the cost of mailing a first-class letter rose from 44 cents to 45 cents. Rates also rose for packages, for periodicals, and for a wide variety of services. The law limits USPS increases overall to the rate or inflation, or 2.1 percent a year.

^ There is just more drama every other day from the USPS. Why don't they stop drying about all the money they are loosing and get Congress to do something? It is solely up to them (the USPS) and reminding Americans constantly about the problem isn't going to fix a thing. ^

http://news.yahoo.com/50-cent-stamp-other-postal-changes-coming-190143222--abc-news.html