Tag: USA

The U.S postal service has partnered with a private company to offer personalised postage stamps.

You can put anything from your children to a corporate logo on the stamp using your home computer.

A sheet of 20 first class stamps costs more than twice as much as traditional 37-cent stamps.

This is the first time the postal service has allowed living people on stamps. Because the stamps fall under USPS regulations for metered mail, they are exempt from regular stamp rules, which prohibit living people on stamps and only allows those who have been dead at least 10 years.

The Treasury’s lending to the U.S. Postal Service dropped to zero in June from USD7.3 billion at the end of fiscal 2003 amid USPS restructuring.
In its June activity report, the Treasury’s Federal Financial Bank said its holdings of USPS debt dropped to nothing at the end of June from USD306.6 million a month earlier.
The debt holdings had been falling in previous months from their 2003 fiscal year-end level, which was down from USD11.1 billion a year earlier.
In congressional testimony on March 23, Postmaster General John Potter said legislation last year to reform the USPS retirement system, combined with cost reductions, helped the Postal Service boost income and slash debt.