#cents

The Common Cents Act, a response to the phase-out of the penny that lets businesses round cash transactions to the nearest nickel, was passed by the House of Representatives on Tuesday and now moves to the Senate for consideration.  It would create rounding guidelines for businesses and consumers to lean on for cash transactions when they do not have exact change on hand. Currently,…

The U.S. Postal Service on Sunday will raise the price of a first-class Forever stamp from 78 cents to 82 cents, the latest in a series of increases aimed at stemming the agency’s mounting financial losses. The USPS announced the increase in April, saying the higher price was intended to bolster its finances. Over the past five years, the agency has raised the price of a first-class stamp six…