Obama Proposes Postage Increase, End to Saturday Delivery

President Obama proposed a special increase in postage rates and an end to Saturday delivery as part of a plan to right the U.S. Postal Service’s finances. The Obama Administration’s Fiscal Year 2013 budget plan would also end the “pre-payments” for retiree health insurance and return the overpayments into a retirement fund, which have been the major sources of its recent budget deficits.

One part of USPS’s short-run relief would be allowing it “to seek the balance of the modest one-time increase in postage rates it proposed in 2010.” Obama released a deficit-reduction plan in September that contained similar language.