- Marco Rubio: U.S. at social, moral crossroads
- ‘We’re coming for you, Barack Obama’: Top U.S. official discloses threat from ISIL
- White flags baffle NYPD: ‘We’re lucky it wasn’t a bomb’
- N.Y. Gov. Cuomo’s office interfered with, pressured corruption commission: report
- Brit lawmaker: I would fire on Israel if I lived in Gaza
- VA apologizes to forgotten Marine veteran locked in Fla. clinic, forced to call 911
- U.S. social and economic trends on worrisome track, survey finds
- McDonald nomination unanimously referred to full Senate
- Chuck Norris honorary chairman of NRA voter registration campaign
- GOP outraged Obamacare investigators able to get coverage with fake IDs
1st class stamps to become ‘forever’
Question of the Day
Rummaging around for 1- and 2-cent postage stamps when postal rates go up is heading the way of the Pony Express. Beginning in January, all new stamps good for 1 ounce of first-class mail will be marked as “forever.”
The move is designed to help customers cope with postage increases, a U.S. Postal Service official told the Associated Press on Tuesday. The official requested anonymity to discuss a policy that hasn’t been announced formally.
Postmaster General Patrick R. Donahoe plans to announce the new policy Jan. 14, the official said.
“I think that’s a great idea,” Sean Swilling, a research analyst for commercial property, said inside a downtown Washington post office during a mail run. “For me, a guy who uses snail-mail regularly, it’s a hassle to get 1- or 2-cent stamps. Streamline things — that would be perfect.”
When the Postal Service unveiled its first-class commemorative stamps for 2011 on Tuesday, all were marked “forever” instead of the current rate of 44 cents.
The initial first-class stamp under the new policy will be the Lunar New Year: Year of the Rabbit stamp, to be issued Jan. 22. It will be followed by stamps commemorating Kansas statehood on Jan. 29 and, in February, the centennial of President Ronald Reagan’s birth.
The “forever stamp,” first issued in April 2007 and featuring the Liberty Bell, was designed for use regardless of changes in postal rates. They are sold at the prevailing price of 1 ounce of domestic first-class postage.
The Postal Service says that 28 billion forever stamps have been sold since that time, generating $12.1 billion in total revenue. These stamps already account for 85 percent of its stamp program, the service says.
Use of the Internet as well as the economic downturn have been cited for a 3.5 percent decline in mail volume from 2009 to 2010.
The Postal Service lost $8.5 billion in the year ending Sept. 30, even after trimming more than 100,000 jobs in recent years, and estimates it will lose $6 billion to $7 billion in the next year. One of its proposals for dealing with its financial troubles calls for cutting delivery to five days a week instead of six, a change Congress must approve.
TWT Video Picks
The subsidies are a hit with patients who don't exist
- Democratic Sen. John Walsh plagiarized War College master's thesis: report
- CARSON: Costco and the perils of mixing politics and business
- 'We're coming for you, Barack Obama': Top U.S. official discloses threat from ISIL terrorists
- Netanyahu's Wikipedia page replaced with giant Palestinian flag
- Obama orders Pentagon advisers to Ukraine
- Obama says public not familiar enough with issues
- House task force to recommend National Guard on border, faster deportations
- Hezbollah warring in Syria could join fight against Israel
- Tom Petty: 'No one's got Christ more wrong than the Christians'
- Hamas orders civilians to die in Israeli airstrikes
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq