Hidden Nook
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Sunday, April 10, 2005
Postal Service Increasing Price?
[Media Source*]
Postal department officials confirmed that they had indeed approached the Postal Rate Commission, with a request proposing a hike in the regular mail by 2 cents. The current rate is 37 cents and consequent to the hike it will go upto 39 cents.
Although this may not hinder a person from sending a letter to their best friend, they are also proposing to increase prices of registered mail ($7.50 to $12.75), certified mail ($2.30 to $2.40) and last but not least priority mail ($3.85 to $4.05).
The agency blames the proposed price increase over a law that Congress had enacted forcing the Postal Service to place $3.1 billion in an escrow account. The law was created because Congress had felt that the Agencies retirement fund was in excess of the requirement. The Postal Service has commented that they will not seek an increase in rate if the law is dropped, but since Congress has more pressing issues to deal with it looks like that is not going to be happening anytime soon.
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Judging from the quality of my mail service they should drop the price about a dime.
By 
, at
6:24 AM EDT
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By Darnell Clayton ⢠8:26 PM ⢠Email Post ⢠â¢
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