The Ambiguous Postal Rate Hike of 2006
From Fox News:
Great, now I have to get a bunch of two cent stamps to go with the Muppets so the Postal Service can have some spare money that only Congress seems to think they need.
WASHINGTON — The cost of mailing a letter will increase to 39 cents on Jan. 8.
The Postal Service's board of governors approved the two-cent increase in first-class postal rates late Monday. It is the first increase since June 2002.
The cost of mailing a postcard will increase a penny, to 24 cents, as part of the roughly 5.4 percent, across-the-board hike in most rates and fees.
The increase fulfills a requirement, passed by Congress in 2003, that the Postal Service establish a $3.1 billion escrow account. Congress is to determine later how to spend that money. The Postal Service said without the mandate it would not have had to raise rates next year...