U.S. Postal service

The U.S. Postal Service warned that it will miss federal payments totaling an estimated $6.8 billion by October, unless the government steps in.

The U.S. Postal Service announced plans to hike postage rates on several different types of mail in April, but the cost of sending Mother's Day cards in May will stay the same. The postal service said the cost of a stamp for a basic letter will remain 44 cents, but the price to send larger...

The U.S. Postal Service's annual loss more than doubled in fiscal 2010 compared to a year earlier as mail volume continues to slide while interest costs related to workers' compensation climb.

The U.S. Postal Service's attempt to raise the price of a first-class stamp to 46 cents from 44 cents was unanimously rejected today by an oversight board, which said the Postal Service failed to sufficiently quantify either the effect of the recession on operations or how much mail shipments would decline if rates were increased.

Since the recession began, more than 8 million Americans have lost their jobs. But perhaps even more surprising is the small number of companies that are responsible for laying off such a large percentage of today's unemployed workers.

An idea by my former WalletPop colleague Zac Bissonnette to help keep the U.S. Postal Service afloat by mailing those pesky pre-paid junk mail envelopes from credit card companies back to the companies at their expense, sounds good until you get to the details. After all, who wouldn't want to...

Here's news from the business world and other money matters to watch out for Friday (last updated at 7:55 a.m. Eastern time): Postal Service Posts Loss: While many companies are reporting upbeat quarterly profits this earnings season, the United States Postal Service isn't one of them. The...

The U.S Postal Service reported a $3.5 billion third quarter loss due to continued declines in mail volume and increased costs from retiree health benefits. Without help from Congress and a postage rate increase, it could run out of cash in 2011.

First there is talk of dropping a day of mail service. Now the U.S. Postal Service is proposing to raise the price of a stamp to 46 cents from the current 44 cents, a 4.5% increase, and it has a big fight on its hands. Mailers of all stripes are gearing up to fight the increase, which the USPS...

Fourteen months after the last price hike, the USPS has proposed a two-cent increase in the cost of first-class postage, which would push the stamp to 46 cents. If approved, the new price would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.