Home / Post Office / Post office delays new stamps, citing weak economy (AP via Yahoo! Finance)

Post office delays new stamps, citing weak economy (AP via Yahoo! Finance)

Economic woes are forcing the post office to delay release of several new postage stamps scheduled for this year. Battered by rising costs and declining mail volume, the Postal Service lost $2.8 billion last year and is facing even larger losses this year, despite a rate increase — to 44 cents for first-class mail — scheduled to take effect May 11.

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