Stamps, U.s. Postal Service | featured news

A report says the U.S. Postal Service wasted $1.2 million by selling less than a third of its 1 billion "The Simpsons" commemorative stamps. Bloomberg's Angela Greiling Keane writes that the inspector general of the money-losing USPS singled out overproduction of commemorative stamps as one example of not properly gauging the needs of customers.

For the first time, living people will be eligible to be honored on U.S. postage stamps. The U.S. Postal Service announced Monday that it is ending its longstanding rule that stamps cannot feature people who are still alive and it's asking the public to offer suggestions on who should be first.

The Simpsons are being immortalized on stamps to be launched by the U.S. Postal Service later this year.