USPS bog OKs budget

The US Postal Service's Board of Governors approved an appropriation request of $117.7 million for fiscal year 2009 yesterday. For fiscal year 2008, the board requested $153.4 million. At this time, the House has recommended $88.9 million of that amount and the Senate has recommended $117.9 million. In addition, the BOG approved the Postal Regulatory Commission's recommended decision on a negotiated service agreement with Bank of America, which will provide price incentives based on the company's mail operations.