Mailing a letter will cost you just a little bit less starting this weekend.
The U.S. Postal Service announced Thursday that a first-class stamp for a 1-ounce letter will cost two cents less, down to 47 cents, beginning Sunday. Postcard stamps will also be 1 cent cheaper, at 34 cents, while international stamps will drop 5 cents to $1.15.
The reason for the change is that a temporary rate increase the Postal Service was allowed to put in place in January 2014 is now going away. The Postal Service was allowed to charge more for stamps to offset a massive budget shortfall caused, in part, by the 2007-2009 recession, which it estimates cost the agency more than $7 billion in revenue in 2009 alone.
http://abcnews.go.com/News/price-mailing-letter-dropping-47-cents-weekend/story?id=38252783
This was an automatic rate reduction due to a temporary rate increase.
Why would anyone hail Obama when the agency responsible is independent of the White House?
Seems someone didn't do their homework.
The U.S. Postal Service announced Thursday that a first-class stamp for a 1-ounce letter will cost two cents less, down to 47 cents, beginning Sunday. Postcard stamps will also be 1 cent cheaper, at 34 cents, while international stamps will drop 5 cents to $1.15.
The reason for the change is that a temporary rate increase the Postal Service was allowed to put in place in January 2014 is now going away. The Postal Service was allowed to charge more for stamps to offset a massive budget shortfall caused, in part, by the 2007-2009 recession, which it estimates cost the agency more than $7 billion in revenue in 2009 alone.
http://abcnews.go.com/News/price-mailing-letter-dropping-47-cents-weekend/story?id=38252783
This was an automatic rate reduction due to a temporary rate increase.
Why would anyone hail Obama when the agency responsible is independent of the White House?
Seems someone didn't do their homework.