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Senate passes bill to lock in postal rates

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New York--The U.S. Senate passed a bill Wednesday night that would, if signed into law, lock in current postal rates until 2006.

The freezing of postal rates would save the b-to-b publishers that are members of American Business Media about $60 million in mailing costs between 2004 and 2006, according to the group’s president-CEO Gordon Hughes.

The U.S. House of Representatives was expected to consider a nearly identical bill on Thursday, and Hughes expects that measure to pass as well.

“This wonderful outcome is in no small part due to the efforts of many American Business Media members who answered the call to contact their members of Congress,” Hughes said in an e-mail to the ABM’s membership.

--Sean Callahan

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