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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 27, 2013
Page
8
Regulators approved a temporary three cent increase to 49 cents for first class stamps to help the Postal Service recover from a sharp mail decline during the 2008 downturn. The higher rate lasts no more than two years and aims to recoup 2.8 billion dollars in losses.
President Barack Obama signed a bipartisan budget accord and a defense bill while in Hawaii, ending a year of gridlock and averting a shutdown for two years. The pact reduces sequestration by about one third and shifts savings to pensions and taxes, with retirement benefits for under 62 military retirees also trimmed.
A month after Obama urged keeping canceled plans, insurers regulators and consumers report mixed results. Thirty six states allow noncompliant policies to continue while some carriers opt to extend or drop them, with examples in Kentucky and South Carolina.
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